Debt, Growth, and Governance
Is there a relationship between public debt and economic growth via governance channels? Evidently so. Using the World Bank’s WGI dataset of 106 countries from 1996-2015, along with our ICRG data for robustness checking, a recent study found that “[a]lthough, public debt has negative impact on economic growth…the results are statistically positive and significant when public debt is interacted with governance, which confirms that governance is a channel by which public debt influences economic growth.”
For a closer look, cf: https://lnkd.in/gxveVSqB
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