Public Debt and Economic Growth in Tunisia: A Re-examination
| Autor: | Arafet Ferroukh, Riadh Brini, Hatem Jemmali |
|---|---|
| Rok vydání: | 2016 |
| Předmět: |
Macroeconomics
Distributed lag Short run media_common.quotation_subject 05 social sciences Debt-to-GDP ratio Causality Granger causality Debt 0502 economics and business Economics General Earth and Planetary Sciences Debt ratio 050207 economics Debt levels and flows 050205 econometrics General Environmental Science media_common |
| Zdroj: | Advances in Economics and Business. 4:594-600 |
| ISSN: | 2331-5075 2331-5059 |
| DOI: | 10.13189/aeb.2016.041105 |
| Popis: | The aim of this paper is to examine the impact of public debt on economic growth in Tunisia over a period spanning around two decades (1990-2013). Using the Autoregressive distributed lag model (ARDL), the paper traces a long run equilibrium between public debt and economic growth. Besides, we used the Granger causality test to examine the direction of causality among various variables. The results show that public debt and total debt service have a negative and significant effect on economic growth in the long run. In the short and long run there is a unidirectional Granger causality between public debt and economic growth. We also find that there is a bidirectional Granger causality between total debt service and economic growth in the long run. While, there is no evidence of short run causality. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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