HOUSEHOLD DEBT AND COUNTRY ECONOMIC GROWTH: DOES A MAGIC THRESHOLD EXIST?

被引：1

作者：

Daud, Siti Nurazira Mohd ^{[1
]}

Podivinsky, Jan ^{[2
]}

Abd Samad, Khairunnisa ^{[3
]}

机构：

[1] Univ Utara Malaysia, Sintok, Kedah, Malaysia

[2] Univ Southampton, Southampton, Hants, England

[3] Univ Teknol MARA Melaka, Malacca City, Malaysia

来源：

INTERNATIONAL JOURNAL OF BUSINESS AND SOCIETY | 2021年 / 22卷 / 01期

关键词：

household debt; economic growth; threshold; tipping-point; developed and developing countries; crisis; FINANCIAL DEVELOPMENT; CREDIT BOOMS; LEVERAGE; CONSUMPTION; MALAYSIA; CYCLES; CRISES;

D O I：

10.33736/ijbs.3160.2021

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Average household debt has now surpassed the level of 2008, which signals an increase in systemic risk and thereby the fragility of the financial system. This paper investigates the effect of household debt on 24 countries' economic growth. In addition, we also examine whether a tipping point of debt exists. By employing the threshold method, we found that the impact of household debt on a country's economic growth is negative. Because the relationship between debt and growth is a monotonically non-increasing function, we do not find a magic threshold of debt.

引用

页码：161 / 174

页数：14

共 50 条

[11] Public debt and economic growth: threshold effect and its influence factors
Liu, Zhongmin
Lyu, Jia
[J]. APPLIED ECONOMICS LETTERS, 2021, 28 (03) : 208 - 212
[12] Does the external debt composition matter for economic growth in Tunisia?
Abdelhafidh, Samir
[J]. ECONOMICS BULLETIN, 2020, 40 (04): : 2802 - +
[13] How does economic policy uncertainty affect the relationship between household debt and consumption?
Jin, Xuejun
Zhou, Xue
Yang, Xiaolan
[J]. ACCOUNTING AND FINANCE, 2022, 62 (05): : 4783 - 4806
[14] Threshold Effect in the Relationship Between External Debt and Economic Growth: A Dynamic Panel Threshold Specification
Zaghdoudi, Taha
[J]. JOURNAL OF QUANTITATIVE ECONOMICS, 2020, 18 (02) : 447 - 456
[15] The Effects of Household Debt and Oil Price Shocks on Economic Growth in the Shadow of the Pandemic
Li, Xiangfa
Zhang, Zhe
Xue, Weixian
Wang, Hua
[J]. SUSTAINABILITY, 2022, 14 (22)
[16] Threshold Effect in the Relationship Between External Debt and Economic Growth: A Dynamic Panel Threshold Specification
Taha Zaghdoudi
[J]. Journal of Quantitative Economics, 2020, 18 : 447 - 456
[17] Financial Intermediation Development and Economic Growth:Does the Chinese Counterexample Exist?
Yaojun Yao Associate Professor
[J]. China & World Economy, 2010, 18 (05) : 22 - 36
[18] DOES THERE STILL EXIST AN EXTERNAL CONSTRAINT ON ITALIAN ECONOMIC-GROWTH
ONIDA, F
[J]. REVIEW OF ECONOMIC CONDITIONS IN ITALY, 1993, (01) : 31 - 79
[19] Financial Intermediation Development and Economic Growth: Does the Chinese Counterexample Exist?
Yao, Yaojun
[J]. CHINA & WORLD ECONOMY, 2010, 18 (05) : 22 - 36
[20] On the public debt and growth threshold: one size does not necessarily fit all
Bentour, El Mostafa
[J]. APPLIED ECONOMICS, 2021, 53 (11) : 1280 - 1299

← 1 2 3 4 5 →