Government (linguistics)

Macroeconomics

Debt

Philosophy

Econometrics

Economics

Short run

Government debt

Linguistics

Monetary economics

Panel analysis

Panel data

Journal of Economics and Finance

This study examines the relationship between public debt on both short and long-run economic growth, in a panel of selected Asian countries for the period of 1980–2012. We employ several econometrics methods: pooled mean group, mean group, dynamic fixed effects and also allow for common correlated effects. The impact of a change in public debt is also analysed using asymmetric panel ARDL method. Our results indicate that an increase in government debt is negatively associated with economic growth in both the short and long-run.

Public debt and economic growth: panel data evidence for Asian countries