Debt-growth link after an economic crisis: The case of Central and Southeast Europe

Simeonovski, Kiril; Fidanoski, Filip; Petkovski, Mihail; Sergi, Bruno S.

doi:10.1080/14631377.2021.2006492

Cited by 4 publications

(2 citation statements)

References 29 publications

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“…Numerous empirical studies have focused on analyzing its connection with economic growth (Ahlborn & Schweickert, 2018; Liu, 2022; Panizza & Presbitero, 2013; Simeonovski et al, 2022; Tung, 2022). Bittencourt (2015) shows the negative impact of GDP growth on public debt as do Swamy (2015), Filip (2019) and Nagou et al (2021).…”

Section: Literature Reviewmentioning

confidence: 99%

Public Debt in the Spanish Municipalities: Drivers and Policy Proposals

Simionescu

Cifuentes‐Faura

2023

Eval Rev

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The COVID-19 pandemic has exacerbated the local debt in Spanish municipalities with negative consequences on the macroeconomic financial stability at national and eurozone level. The main objective is to identify the causes of public debt per capita in four groups of Spanish municipalities according to size. It is based on a quantitative analysis based on correlational and causal-comparative approaches. It consists in the construction of panel quantile regressions (MMQ) and mean group (ME) estimators to explain public debt per capita in Spanish municipalities. Moreover, the Juodis test for causality analysis in panel data is applied. The research is constructed around various types of potential determinants related to economic factors (GDP per capita and unemployment rate), demographic factors (population under 15 and population over 65), and political factors (political party, ideology, and political strength). The results based on MMQR for the period 2011–2020 indicate common factors that reduce local debt (short-run economic growth), but also differences between clusters in what concerns factors that increase or decrease the debt. The Juodis et al. (2021) test shows that growth and unemployment are factors that influence the level of public debt in all groups of municipalities except one (5001–20,000 inhabitants) where political party affects debt. These empirical findings support policy proposals to reduce the local debt in Spanish municipalities. The main initiatives to reduce debt should be based on the promotion of economic growth and creation of new jobs, especially for young people.

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Section: Literature Reviewmentioning

confidence: 99%

Public Debt in the Spanish Municipalities: Drivers and Policy Proposals

Simionescu

Cifuentes‐Faura

2023

Eval Rev

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“…The existing interpretation aims AI at combating crisis phenomena in economic systems; therefore, it is most appropriate to call it anti-crisis AI (Benaben et al, 2020;De Nicola et al, 2020;Wang et al, 2020;Prahl and Goh, 2021;Shakira Fathima and Dilshad Begum, 2021;Hernandez et al, 2022;Simeonovski et al, 2022;Wang, 2022). The concept of "sustainability," in turn, is rooted in environmental protection, to which most of the UN SDGs are devoted (Buonomano et al, 2022;Carayannis et al, 2022;Maheshwari et al, 2022;Úbeda et al, 2022).…”

Section: Sustainable Ai: Rethinking From the Perspective Of Environme...mentioning

confidence: 99%

Sustainable AI in environmental economics and management: Current trends and post-COVID perspective

Lobova

Bogoviz²,

Alekseev³

2022

Front. Environ. Sci.

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Domestic debt, public spending and economic growth in Nigeria: a mediation analysis

Onuoha

2024

AJEMS

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PurposeThis study is aimed at interrogating the mediation role of public spending in domestic debt and economic growth nexus, drawing on debt overhang theory and the Keynesian view.Design/methodology/approachThe study deployed a time series data (from 1981 to 2020) set drawn from the 2021 Central Bank of Nigeria (CBN) statistical bulletin. The mediation effect of public spending was tested by performing structural equation modeling after pre-estimation Augmented Dickey-Fuller unit root test.FindingsOverall, the study outcomes indicate that domestic debt and public spending have significant positive effects on economic growth. Additionally, the study finds public spending to partially mediate domestic debt and economic growth nexus.Practical implicationsThis study's outcomes provide insights that will enable fiscal policymakers to focus on internal borrowing, keep it under strict control to avert crowding out effects and improve public spending on productive projects to stimulate economic growth.Originality/valueAs the first study to question the mediation effect of public spending in domestic debt-economic growth relationship, it deepens and extends extant literature on domestic debt-economic growth nexus.

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Debt-growth link after an economic crisis: The case of Central and Southeast Europe

Cited by 4 publications

References 29 publications

Public Debt in the Spanish Municipalities: Drivers and Policy Proposals

Public Debt in the Spanish Municipalities: Drivers and Policy Proposals

Sustainable AI in environmental economics and management: Current trends and post-COVID perspective

Domestic debt, public spending and economic growth in Nigeria: a mediation analysis

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