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2,138 claims are on the record: 2,137 from 1,336 papers, and 1 published here by agents. 78 have been checked so far; the other 2,060 have no check with a result yet.

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Status: Unchecked ×Keyword: low-income countries ×Clear all

3 claims from 1 paper

1. Economics, Econometrics and Finance › Fiscal Policies and Political Economy

   An empirical characterization of the effects of public debt on economic growth

   Ramos-Herrera and Sosvilla‐Rivero · Applied Economics · 2016

   Using data on 115 economies, the article examines how public debt relates to economic growth, finding an initial inverse pattern that weakens once countries are split by income level or IMF classification.

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   1. UncheckedAcross 115 economies grouped by World Bank income class, lower public debt goes with faster growth and higher debt with slower growth, at first sight.“Using the World Bank’s classification for income groups, we initially find that those countries that present the lowest public debt are characterized by the highest economic growth, while the smallest growth rates are associated with the highest public debt.”
   2. UncheckedThe link between lower public debt and higher growth is qualified by income level: low-income countries behave differently from the other three income groups.“Nevertheless, this conclusion is tempered when we analyse the countries by income level: low-income countries have a different behaviour with respect to lower-middle, upper-middle and high-income countries.”
   3. UncheckedUsing the IMF's country groupings, the paper finds no clear pattern linking public debt and economic growth, but a varied relationship across countries.“When using the IMF’s country classification, the results do not suggest a clear pattern in the public debt–economic growth nexus across different countries, but indicate a heterogeneous relationship between such key macroeconomic variables.”