Is there a debt-threshold effect on output growth? by Alexander Chudik, Kamiar Mohaddes, M. Hashem Pesaran and Mehdi Raissi published by IMF (09/2015). “This paper studies the long-run impact of public debt expansion on economic growth and investigates whether the debt-growth relations varies with the level of indebtedness. Our contribution is both theoretical and empirical…”
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