The impact of public debt on economic growth: an empirical study of Mexico (1994–2016)

Following on from recent literature on the same subject, this paper analyses the impact of public debt on economic growth in Mexico between 1994 and 2016, against a global macroeconomic backdrop of sharp rises in public sector debt indicators, owing to expansionary fiscal strategies adopted after th...

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Autores principales:	Vaca, Jesús, Vaca Medina, Gustavo, Mora Pérez, César Omar
Formato:	Texto
Lenguaje:	English
Publicado:	2020
Materias:	DEUDA PUBLICA CONDICIONES ECONOMICAS MACROECONOMIA PRODUCTO INTERNO BRUTO CRECIMIENTO ECONOMICO MODELOS ECONOMETRICOS PUBLIC DEBT ECONOMIC CONDITIONS MACROECONOMICS GROSS DOMESTIC PRODUCT ECONOMIC GROWTH ECONOMETRIC MODELS
Acceso en línea:	http://hdl.handle.net/11362/45982
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spelling	oai-11362-459822020-10-02T17:08:24Z The impact of public debt on economic growth: an empirical study of Mexico (1994–2016) Vaca, Jesús Vaca Medina, Gustavo Mora Pérez, César Omar DEUDA PUBLICA CONDICIONES ECONOMICAS MACROECONOMIA PRODUCTO INTERNO BRUTO CRECIMIENTO ECONOMICO MODELOS ECONOMETRICOS PUBLIC DEBT ECONOMIC CONDITIONS MACROECONOMICS GROSS DOMESTIC PRODUCT ECONOMIC GROWTH ECONOMETRIC MODELS Following on from recent literature on the same subject, this paper analyses the impact of public debt on economic growth in Mexico between 1994 and 2016, against a global macroeconomic backdrop of sharp rises in public sector debt indicators, owing to expansionary fiscal strategies adopted after the 2007–2008 crisis. The main objectives of this study are to determine whether the relationship between these two variables has followed a non-linear path in the form of an inverted “U”, and to find the threshold beyond which increases in debt generate marginal decreases in growth. Using a dynamic model, a non-linear inverted U-shaped relationship is demonstrated, and the threshold in the debt-to-GDP ratio is found to be 27%. 2020-09-01T21:27:01Z 2020-09-01T21:27:01Z 2020-04-20 Texto Sección o Parte de un Documento http://hdl.handle.net/11362/45982 LC/PUB.2020/4-P 9 en CEPAL Review CEPAL Review 130 .pdf application/pdf 1994 MEXICO MEXICO 2016
institution	Cepal
collection	Cepal
language	English
topic	DEUDA PUBLICA CONDICIONES ECONOMICAS MACROECONOMIA PRODUCTO INTERNO BRUTO CRECIMIENTO ECONOMICO MODELOS ECONOMETRICOS PUBLIC DEBT ECONOMIC CONDITIONS MACROECONOMICS GROSS DOMESTIC PRODUCT ECONOMIC GROWTH ECONOMETRIC MODELS
spellingShingle	DEUDA PUBLICA CONDICIONES ECONOMICAS MACROECONOMIA PRODUCTO INTERNO BRUTO CRECIMIENTO ECONOMICO MODELOS ECONOMETRICOS PUBLIC DEBT ECONOMIC CONDITIONS MACROECONOMICS GROSS DOMESTIC PRODUCT ECONOMIC GROWTH ECONOMETRIC MODELS Vaca, Jesús Vaca Medina, Gustavo Mora Pérez, César Omar The impact of public debt on economic growth: an empirical study of Mexico (1994–2016)
description	Following on from recent literature on the same subject, this paper analyses the impact of public debt on economic growth in Mexico between 1994 and 2016, against a global macroeconomic backdrop of sharp rises in public sector debt indicators, owing to expansionary fiscal strategies adopted after the 2007–2008 crisis. The main objectives of this study are to determine whether the relationship between these two variables has followed a non-linear path in the form of an inverted “U”, and to find the threshold beyond which increases in debt generate marginal decreases in growth. Using a dynamic model, a non-linear inverted U-shaped relationship is demonstrated, and the threshold in the debt-to-GDP ratio is found to be 27%.
format	Texto
author	Vaca, Jesús Vaca Medina, Gustavo Mora Pérez, César Omar
author_facet	Vaca, Jesús Vaca Medina, Gustavo Mora Pérez, César Omar
author_sort	Vaca, Jesús
title	The impact of public debt on economic growth: an empirical study of Mexico (1994–2016)
title_short	The impact of public debt on economic growth: an empirical study of Mexico (1994–2016)
title_full	The impact of public debt on economic growth: an empirical study of Mexico (1994–2016)
title_fullStr	The impact of public debt on economic growth: an empirical study of Mexico (1994–2016)
title_full_unstemmed	The impact of public debt on economic growth: an empirical study of Mexico (1994–2016)
title_sort	impact of public debt on economic growth: an empirical study of mexico (1994–2016)
publishDate	2020
url	http://hdl.handle.net/11362/45982
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The impact of public debt on economic growth: an empirical study of Mexico (1994–2016)

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