Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5083870 | International Review of Economics & Finance | 2013 | 24 Pages |
Abstract
⺠We find a negative growth effect of the debt ratio. ⺠An endogenous debt ratio threshold of 59% can be derived. ⺠Stock and bond market development positively affects growth in the OECD. ⺠Results are robust to crossâsectional dependence.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
António Afonso, João Tovar Jalles,