Debt, growth and inflation in large European economies: a vector auto-regression analysis

被引：0
|
作者：
Taghavi, M [1 ]
机构：
[1] Northumbria Univ, Econ Div, Newcastle Upon Tyne NE1 8ST, Tyne & Wear, England
来源：
CAPITALISM AND DEMOCRACY IN THE 21ST CENTURY | 2001年
关键词：
cointegration; convergence; debt ratio; deficit ratio; vector autoregression;
D O I：
暂无
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper attempts to empirically test the hypothesis that whether debt matters in the EU. This has been performed by examining the potential adverse effects of debt in large European economies on investment, inflation and growth. Using the hybrid cointegration and vector autoregressive models, the findings, based on the period 1970-97, suggest that debt causes significant adverse effects on investment, but its impact on growth is not clear-cut. Moreover, debt appears to be inflationary in most cases in the long run, though produces no clear short run pattern on inflation.
引用
收藏
页码：165 / 179
页数：15
相关论文
共 50 条
  • [41] Analysis of Demand and Influence Factors of China's Economic Growth Based on Vector Auto Regression Model
    Liu Shuqi
    Tang Yang
    Sun Chao
    PROCEEDINGS OF THE 5TH INTERNATIONAL CONFERENCE ON INNOVATION & MANAGEMENT, VOLS I AND II, 2008, : 3066 - 3071
  • [42] External Debt and Economic Growth in Emerging Economies: Panel Causality Analysis
    Gulcemal, Tuba
    SOSYOEKONOMI, 2022, 30 (52) : 27 - 36
  • [43] Unbundled debt and economic growth in developed and developing economies: An empirical analysis
    Intartaglia, Maurizio
    Antoniades, Andreas
    Bhattacharyya, Sambit
    WORLD ECONOMY, 2018, 41 (12): : 3345 - 3358
  • [44] Inflation and economic growth: A dynamic panel threshold analysis for Asian economies
    Vinayagathasan, Thanabalasingam
    JOURNAL OF ASIAN ECONOMICS, 2013, 26 : 31 - 41
  • [45] Unraveling the Dynamics of Inflation Persistence: A Long-Memory Analysis of Headline Inflation Convergence and Divergence in European Economies
    Skare, Marinko
    Gavurova, Beata
    Sinkovic, Dean
    CONTEMPORARY ECONOMICS, 2023, 17 (04) : 406 - 423
  • [46] Inflation, Output Growth, and Their Uncertainties: Empirical Evidence for a Causal Relationship from European Emerging Economies
    Pintilescu, Carmen
    Jemna, Danut-Vasile
    Viorica, Elena-Daniela
    Asandului, Mircea
    EMERGING MARKETS FINANCE AND TRADE, 2014, 50 : 78 - 94
  • [47] A time-varying parameters vector auto-regression model to disentangle the time varying effects between drivers' responses and tolling on high occupancy toll facilities
    Ma, Xiaolei
    Sun, Shuo
    Liu, Xiaoyue Cathy
    Ding, Chuan
    Chen, Zhuo
    Wang, Yunpeng
    TRANSPORTATION RESEARCH PART C-EMERGING TECHNOLOGIES, 2018, 88 : 208 - 226
  • [48] Optimal Inflation Threshold and Economic Growth: Ordinal Regression Model Analysis
    Doan Van Dinh
    JOURNAL OF ASIAN FINANCE ECONOMICS AND BUSINESS, 2020, 7 (05): : 91 - 101
  • [49] A Vector Auto Regression Model Applied to Real Estate Development Investment: A Statistic Analysis
    Liu, Fengyun
    Matsuno, Shuji
    Malekian, Reza
    Yu, Jin
    Li, Zhixiong
    SUSTAINABILITY, 2016, 8 (11)
  • [50] Analysis on Affected Factors of Employment in Wuhan City Based on Vector-Auto-Regression
    Yang, Liu
    Yu, Shengchun
    Ding, Yongmei
    ICVISP 2019: PROCEEDINGS OF THE 3RD INTERNATIONAL CONFERENCE ON VISION, IMAGE AND SIGNAL PROCESSING, 2019,
12345