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Keywords: Debt threshold
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Journal Articles
Journal:
Journal of Economics and Development
Journal of Economics and Development (2020) 22 (2): 187–207.
Published: 06 May 2020
... allows for both heterogeneity as well as a smooth change of regression coefficients from one regime to another. Findings A debt threshold in the range of 62–66% is estimated for the whole sample. Low debt is found to be growth neutral but higher public debt is growth detrimental. For middle-income...
