Debt uncertainty and economic growth: evidence from five highly indebted Eurozone countries
Journal Publication ResearchOnline@JCUApergis, Nicholas;Cooray, Arusha
Abstract
The goal of this study is to examine the relationships between economic growth and debt uncertainty by applying the threshold generalized autoregressive conditional heteroscedasticity modelling methodology in five Eurozone countries spanning the period 2001–2013. The results document that during the European fiscal crisis period, debt uncertainty exerts a significant negative effect on economic growth across all five Eurozone countries that experienced the deterioration of their fiscal positions.
Journal
Applied Economics Letters
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Volume
23
ISBN/ISSN
1466-4291
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Issue
3
Pages Count
4
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Publisher
Routledge
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Date
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EISSN
N/A
DOI
10.1080/13504851.2015.1061638