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dc.contributor.authorKourtellos, Androsen
dc.contributor.authorStengos, Thanasisen
dc.contributor.authorTan, Chih Mingen
dc.creatorKourtellos, Androsen
dc.creatorStengos, Thanasisen
dc.creatorTan, Chih Mingen
dc.date.accessioned2019-05-03T05:22:24Z
dc.date.available2019-05-03T05:22:24Z
dc.date.issued2013
dc.identifier.urihttp://gnosis.library.ucy.ac.cy/handle/7/47516
dc.description.abstractWe employ a structural threshold regression methodology to investigate the heterogeneous effects of debt on growth using public debt as a threshold variable as well as several other plausible variables. Our methodology allows us to address parameter heterogeneity that characterizes cross-country growth data and at the same time account for endogeneity. We find strong evidence for threshold effects based on democracy, which implies that higher public debt results in lower growth for countries in the Low-Democracy regime. Our results are consistent with the presence of parameter heterogeneity in the cross-country growth process due to fundamental determinants of economic growth proposed by the new growth theories. © 2013 Elsevier Inc.en
dc.language.isoengen
dc.sourceJournal of Macroeconomicsen
dc.subjectParameter heterogeneityen
dc.subjectThreshold regressionen
dc.subjectDebt thresholden
dc.subjectPublic debten
dc.titleThe effect of public debt on growth in multiple regimesen
dc.typeinfo:eu-repo/semantics/article
dc.identifier.doi10.1016/j.jmacro.2013.08.023
dc.description.volume38
dc.description.startingpage35
dc.description.endingpage43
dc.author.facultyΣχολή Οικονομικών Επιστημών και Διοίκησης / Faculty of Economics and Management
dc.author.departmentΤμήμα Οικονομικών / Department of Economics
dc.type.uhtypeArticleen
dc.contributor.orcidKourtellos, Andros [0000-0001-9662-0420]
dc.description.totalnumpages35-43
dc.gnosis.orcid0000-0001-9662-0420


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