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Dynamic Linkages between Public Debt and Economic Growth: An Empirical Analysis of Sri Lanka
| Content Provider | Semantic Scholar |
|---|---|
| Author | Sivarajasingham, S. Vinayagathasan, Thanabalasingam |
| Copyright Year | 2015 |
| Abstract | Increasing public debt in many countries as a resul t of deficit government budget and balance of payment is one of the serious economics and political issues in many developing c ountries. Huge public debt is likely to increase the inflation, in terest rate and budget deficit. Misztal (2010) found a positive and signif icant relationship between economic growth and public debt in the Euro zone area while Checherita and Rother (2010); Manmohan and Woo (201 0); and Cunningham (1993) identified a strong negative rela tionship between growth and debt burden. However, Darius (2001) said that although there is an adverse impact on macroeconomic variabl es due to rising debt of an economy, even an appropriate level of go vernment debt could be linked to economic growth in developing co untries. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | https://arts.pdn.ac.lk/econ/persweb/Proceedings2014/Dynamic%20Linkages%20between%20Public%20Debt%20and%20Economic%20Growth_%20An%20Empirical%20Analysis%20of%20Sri%20Lanka.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
