- Abubakar AB, Mamman SO (2021) Permanent and transitory effect of public debt on economic growth. J Econ Stud 48(5):1064–1083. https://doi.org/10.1108/JES-04-2020-0154 .
Paper not yet in RePEc: Add citation now
Afonso A, Alves J (2015) The role of government debt in economic growth. Rev Public Econ 215(4):9–26. https://doi.org/10.7866/HPE-RPE.15.4.1 .
- Afonso A, Jalles JT (2013) Growth and productivity: the role of government debt. Int Rev Econ Financ 25:384–407. https://doi.org/10.1016/j.iref.2012.07.004 .
Paper not yet in RePEc: Add citation now
- Akca H (2021) Environmental Kuznets Curve and financial development in Turkey: evidence from augmented ARDL approach. Environ Sci Pollut Res 28(48):69149–69159. https://doi.org/10.1007/s11356-021-15417-w .
Paper not yet in RePEc: Add citation now
Akram N (2015) Is public debt hindering economic growth of the Philippines? Int J Soc Econ 42(3):202–221. https://doi.org/10.1108/IJSE-02-2013-0047 .
- Albu A-C, Albu L-L (2021) Public debt and economic growth in Euro area countries. A wavelet approach. Technol Econ Dev Econ. https://doi.org/10.3846/tede.2021.14241 .
Paper not yet in RePEc: Add citation now
- Alsamara M, Mrabet Z, Mimouni K (2024) The threshold effects of public debt on economic growth in MENA countries: Do energy endowments matter? Int Rev Econ Finan 89:458–470. https://doi.org/10.1016/j.iref.2023.10.015 .
Paper not yet in RePEc: Add citation now
Arčabić V, Tica J, Lee J, Sonora RJ (2018) Public debt and economic growth conundrum: nonlinearity and inter-temporal relationship. Stud Nonlinear Dyn Econ. https://doi.org/10.1515/snde-2016-0086 .
Asteriou D, Pilbeam K, Pratiwi CE (2021) Public debt and economic growth: panel data evidence for Asian countries. J Econ Finance 45(2):270–287. https://doi.org/10.1007/s12197-020-09515-7 .
Aydin M (2018) Natural gas consumption and economic growth nexus for top 10 natural Gas-Consuming countries: a Granger causality analysis in the frequency domain. Energy 165:179–186. https://doi.org/10.1016/j.energy.2018.09.149 .
- Aydin M, Bozatli O (2023) The impacts of the refugee population, renewable energy consumption, carbon emissions, and economic growth on health expenditure in Turkey: new evidence from Fourier-based analyses. Environ Sci Pollut Res 30(14):41286–41298. https://doi.org/10.1007/s11356-023-25181-8 .
Paper not yet in RePEc: Add citation now
Bal DP, Rath BN (2014) Public debt and economic growth in India: a reassessment. Econ Anal Policy 44(3):292–300. https://doi.org/10.1016/j.eap.2014.05.007 .
- Barik A, Sahu JP (2022) The long-run effect of public debt on economic growth: evidence from India. J Public Aff 22(1):1–9. https://doi.org/10.1002/pa.2281 .
Paper not yet in RePEc: Add citation now
Baum A, Checherita-Westphal C, Rother P (2013) Debt and growth: new evidence for the euro area. J Int Money Financ 32:809–821. https://doi.org/10.1016/j.jimonfin.2012.07.004 .
Becker R, Enders W, Lee J (2006) A stationarity test in the presence of an unknown number of smooth breaks. J Time Ser Anal 27(3):381–409. https://doi.org/10.1111/j.1467-9892.2006.00478.x .
Bell A, Johnston R, Jones K (2015) Stylised fact or situated messiness? The diverse effects of increasing debt on national economic growth. J Econ Geogr 15(2):449–472. https://doi.org/10.1093/jeg/lbu005 .
Bentour EM (2021) On the public debt and growth threshold: One size does not necessarily fit all. Appl Econ 53(11):1280–1299. https://doi.org/10.1080/00036846.2020.1828806 .
Bozatli O, Bal H, Albayrak M (2023) Testing the export-led growth hypothesis in Turkey: new evidence from time and frequency domain causality approaches. J Int Trade Econ Dev 32(6):835–853. https://doi.org/10.1080/09638199.2022.2144932 .
Breitung J, Candelon B (2006) Testing for short- and long-run causality: a frequency-domain approach. J Econ 132(2):363–378. https://doi.org/10.1016/j.jeconom.2005.02.004 .
Butts HC (2009) Short term external debt and economic growth—granger causality: evidence from Latin America and the Caribbean. Rev Black Polit Econ 36(2):93–111. https://doi.org/10.1007/s12114-009-9041-7 .
- Caner M, Grennes TJ, Kohler-Geib FN (2010) Finding the tipping point—when sovereign debt turns bad. Policy Research Working Paper Series 5391, The World Bank. https://doi.org/10.2139/ssrn.1612407 .
Paper not yet in RePEc: Add citation now
Cecchetti SG, Mohanty MS, Zampolli F (2011) The real effects of debt. BIS Working Paper Series 352. https://papers.ssrn.com/abstract=1946170 .
Checherita-Westphal C, Rother P (2012) The impact of high government debt on economic growth and its channels: an empirical investigation for the euro area. Eur Econ Rev 56(7):1392–1405. https://doi.org/10.1016/j.euroecorev.2012.06.007 .
Chirwa TG, Odhiambo NM (2020) Public debt and economic growth nexus in the euro area: a dynamic panel ARDL approach. Sci Ann Econ Bus 67(3):291–310. https://doi.org/10.47743/saeb-2020-0016 .
Chiu Y-B, Lee C-C (2017) On the impact of public debt on economic growth: Does country risk matter? Contemp Econ Policy 35(4):751–766. https://doi.org/10.1111/coep.12228 .
- Chudik A, Mohaddes K, Pesaran MH, Raissi M (2017) Is there a debt-threshold effect on output growth? Rev Econ Stat 99(1):135–150. https://doi.org/10.1162/REST_a_00593 .
Paper not yet in RePEc: Add citation now
Cochrane JH (2011) Understanding policy in the great recession: Some unpleasant fiscal arithmetic. Eur Econ Rev 55(1):2–30. https://doi.org/10.1016/j.euroecorev.2010.11.002 .
- Dafermos Y (2015) The ‘other half’of the public debt–economic growth relationship: a note on Reinhart and Rogoff. Eur J Econ Econ Policies 12(1):20–28. https://doi.org/10.4337/ejeep.2015.01.03 .
Paper not yet in RePEc: Add citation now
De Vita G, Trachanas E, Luo Y (2018) Revisiting the bi-directional causality between debt and growth: evidence from linear and nonlinear tests. J Int Money Financ 83:55–74. https://doi.org/10.1016/j.jimonfin.2018.02.004 .
Di Sanzo S, Bella M (2015) Public debt and growth in the euro area: evidence from parametric and nonparametric Granger causality. The BE J Macroecon 15(2):631–648. https://doi.org/10.1515/bejm-2014-0028 .
- Donayre L, Taivan A (2017) Causality between public debt and real growth in the OECD: a country-by-country analysis. Econ Pap J Appl Econ Policy 36(2):156–170. https://doi.org/10.1111/1759-3441.12175 .
Paper not yet in RePEc: Add citation now
- Eberhardt M, Presbitero AF (2015) Public debt and growth: heterogeneity and non-linearity. J Int Econ 97(1):45–58. https://doi.org/10.1016/j.jinteco.2015.04.005 .
Paper not yet in RePEc: Add citation now
- Egbetunde T (2012) Public debt and economic growth in Nigeria: evidence from granger causality. Am J Econ 2:101–106. https://doi.org/10.5923/j.economics.20120206.02 .
Paper not yet in RePEc: Add citation now
Égert B (2012) Public debt, economic growth and nonlinear effects: Myth or reality? (OECD Economics Department Working Papers No. 993; pp 1–34. OECD. https://doi.org/10.1787/5k918xk8d4zn-en .
- Égert B (2015a) Public debt, economic growth and nonlinear effects: Myth or reality? J Macroecon 43:226–238. https://doi.org/10.1016/j.jmacro.2014.11.006 .
Paper not yet in RePEc: Add citation now
- Égert B (2015b) The 90% public debt threshold: the rise and fall of a stylized fact. Appl Econ 47(34–35):3756–3770. https://doi.org/10.1080/00036846.2015.1021463 .
Paper not yet in RePEc: Add citation now
- Elmendorf DW, Gregory Mankiw N (1999) Chapter 25:Government debt. In: Handbook of macroeconomics, Vol 1, pp 1615–1669. Elsevier. https://doi.org/10.1016/S1574-0048(99)10038-7 .
Paper not yet in RePEc: Add citation now
- Elmeskov J, Sutherland D (2012). Post-Crisis Debt Overhang: Growth Implications across Countries. https://doi.org/10.2139/ssrn.1997093 .
Paper not yet in RePEc: Add citation now
Enders W, Jones P (2016) Grain prices, oil prices, and multiple smooth breaks in a VAR. Stud Nonlinear Dyn Econom 20(4):399–419. https://doi.org/10.1515/snde-2014-0101 .
Ferreira C (2016) Debt and economic growth in the european union: a panel granger causality approach. Int Adv Econ Res 22(2):131–149. https://doi.org/10.1007/s11294-016-9575-y .
- Ferreira MC (2009) Public debt and economic growth: a Granger causality panel data approach. IESG Working Papers 24/2009/DE/UECE. https://www.repository.utl.pt/handle/10400.5/1863 .
Paper not yet in RePEc: Add citation now
Fincke B, Greiner A (2015) Public debt and economic growth in emerging market economies. S Afr J Econ 83(3):357–370. https://doi.org/10.1111/saje.12079 .
- Geweke J (1982) Measurement of linear dependence and feedback between multiple time series. J Am Stat Assoc 77(378):304–313. https://doi.org/10.1080/01621459.1982.10477803 .
Paper not yet in RePEc: Add citation now
Gómez-Puig M, Sosvilla-Rivero S (2015) The causal relationship between debt and growth in EMU countries. J Policy Model 37(6):974–989. https://doi.org/10.1016/j.jpolmod.2015.09.004 .
Gómez-Puig M, Sosvilla-Rivero S (2018) Public debt and economic growth: further evidence for the euro area. Acta Oeconomica 68(2):209–229. https://doi.org/10.1556/032.2018.68.2.2 .
- Gómez-Puig M, Sosvilla-Rivero S (2024) Assessing heterogeneous time-varying impacts in debt-growth nexus. Appl Econ. https://doi.org/10.1080/00036846.2024.2311068 .
Paper not yet in RePEc: Add citation now
Gómez-Puig M, Sosvilla-Rivero S, Martínez-Zarzoso I (2022) On the heterogeneous link between public debt and economic growth. J Int Finan Markets Inst Money 77:101528. https://doi.org/10.1016/j.intfin.2022.101528 .
- Gorus MS, Aydin M (2019) The relationship between energy consumption, economic growth, and CO2 emission in MENA countries: causality analysis in the frequency domain. Energy 168:815–822. https://doi.org/10.1016/j.energy.2018.11.139 .
Paper not yet in RePEc: Add citation now
- Granger CW (1969) Investigating causal relations by econometric models and cross-spectral methods. Econometrica. https://doi.org/10.2307/1912791 .
Paper not yet in RePEc: Add citation now
Gunarsa S, Makin T, Rohde N (2020) Public debt in developing Asia: A help or hindrance to growth? Appl Econ Lett 27(17):1400–1403. https://doi.org/10.1080/13504851.2019.1683147 .
Herndon T, Ash M, Pollin R (2014) Does high public debt consistently stifle economic growth? A critique of Reinhart and Rogoff. Camb J Econ 38(2):257–279. https://doi.org/10.1093/cje/bet075 .
- Hosoya Y (1991) The decomposition and measurement of the interdependency between second-order stationary processes. Probab Theory Relat Fields 88(4):429–444. https://doi.org/10.1007/BF01192551 .
Paper not yet in RePEc: Add citation now
- Ighodalo Ehikioya B, Omankhanlen AE, Osagie Osuma G, Iwiyisi Inua O (2020) Dynamic relations between public external debt and economic growth in African countries: A curse or blessing? J Open Innov Technol Mark Complex 6(3):88. https://doi.org/10.3390/joitmc6030088 .
Paper not yet in RePEc: Add citation now
Jacobs J, Ogawa K, Sterken E, Tokutsu I (2020) Public debt, economic growth and the real interest rate: a panel VAR approach to EU and OECD countries. Appl Econ 52(12):1377–1394. https://doi.org/10.1080/00036846.2019.1673301 .
Jayaraman TK, Lau E (2009) Does external debt lead to economic growth in Pacific island countries. J Policy Model 31(2):272–288. https://doi.org/10.1016/j.jpolmod.2008.05.001 .
Jordà Ò, Schularick M, Taylor AM (2017) Macrofinancial history and the new business cycle facts. NBER Macroecon Annu 31(1):213–263. https://doi.org/10.1086/690241 .
Kaminsky GL, Reinhart CM, Végh CA (2004) When It rains, it pours: procyclical capital flows and macroeconomic policies. NBER Macroecon Annu 19:11–53. https://doi.org/10.1086/ma.19.3585327 .
Karagol E (2002) The causality analysis of external debt service and GNP: the case of Turkey. Central Bank Rev 2(1):39–64.
Kempa B, Khan NS (2016) Government debt and economic growth in the G7 countries: Are there any causal linkages? Appl Econ Lett 23(6):440–443. https://doi.org/10.1080/13504851.2015.1080797 .
Kourtellos A, Stengos T, Tan CM (2013) The effect of public debt on growth in multiple regimes. J Macroecon 38:35–43. https://doi.org/10.1016/j.jmacro.2013.08.023 .
Kwiatkowski D, Phillips PCB, Schmidt P, Shin Y (1992) Testing the null hypothesis of stationarity against the alternative of a unit root: How sure are we that economic time series have a unit root? J Econ 54(1):159–178. https://doi.org/10.1016/0304-4076(92)90104-Y .
Law SH, Ng CH, Kutan AM, Law ZK (2021) Public debt and economic growth in developing countries: nonlinearity and threshold analysis. Econ Model 98:26–40. https://doi.org/10.1016/j.econmod.2021.02.004 .
Lee S, Park H, Seo MH, Shin Y (2017) Testing for a debt-threshold effect on output growth. Fisc Stud 38(4):701–717. https://doi.org/10.1111/1475-5890.12134 .
Liu Z, Lyu J (2021) Public debt and economic growth: Threshold effect and its influence factors. Appl Econ Lett 28(3):208–212. https://doi.org/10.1080/13504851.2020.1740157 .
Lof M, Malinen T (2014) Does sovereign debt weaken economic growth? A panel VAR analysis. Econ Lett 122(3):403–407. https://doi.org/10.1016/j.econlet.2013.12.037 .
Mencinger J, Aristovnik A, Verbic M (2014) The Impact of growing public debt on economic growth in the European Union. Amfiteatru Econ J 16(35):403–414.
- Minea A, Parent A (2012) Is high public debt always harmful to economic growth? Reinhart and Rogoff and some complex nonlinearities. Working Paper E2012.18; Etudes et Documents, CERDI. https://ideas.repec.org//p/cdi/wpaper/1355.html .
Paper not yet in RePEc: Add citation now
Nazlioglu S, Gormus A, Soytas U (2019) Oil prices and monetary policy in emerging markets: structural shifts in causal linkages. Emerg Mark Financ Trade 55(1):105–117. https://doi.org/10.1080/1540496X.2018.1434072 .
Nazlioglu S, Gormus NA, Soytas U (2016) Oil prices and real estate investment trusts (REITs): gradual-shift causality and volatility transmission analysis. Energy Econ 60:168–175. https://doi.org/10.1016/j.eneco.2016.09.009 .
- Ndoricimpa A (2020) Threshold effects of public debt on economic growth in Africa: a new evidence. J Econ Dev 22(2):187–207. https://doi.org/10.1108/JED-01-2020-0001 .
Paper not yet in RePEc: Add citation now
Okwoche PU, Nikolaidou E (2022) Public debt, growth, and threshold effects: A comparative analysis based on income categories. School of Economics, University of Cape Town (No. 2022–02).
- Onofrei M, Bostan I, Firtescu BN, Roman A, Rusu VD (2022) Public debt and economic growth in EU Countries. Economies 10(10):1–23. https://doi.org/10.3390/economies10100254 .
Paper not yet in RePEc: Add citation now
Owusu-Nantwi V, Erickson C (2016) Public debt and economic growth in Ghana. Afr Dev Rev 28(1):116–126. https://doi.org/10.1111/1467-8268.12174 .
Ozmen I (2022) New evidence from government debt and economic growth in core and periphery European Union Countries: asymmetric panel causality. J Econ Forecast 3:167–187.
- Ozmen I, Mutascu M (2023) Public debt and growth: new insights. J Knowl Econ. https://doi.org/10.1007/s13132-023-01441-3 .
Paper not yet in RePEc: Add citation now
- Panizza U, Presbitero AF (2013) Public debt and economic growth in advanced economies: a survey. Swiss J Econ Stat 149:175–204. https://doi.org/10.1007/BF03399388 .
Paper not yet in RePEc: Add citation now
- Panizza U, Presbitero AF (2014) Public debt and economic growth: Is there a causal effect? J Macroecon 41(1):21–41. https://doi.org/10.1016/j.jmacro.2014.03.009 .
Paper not yet in RePEc: Add citation now
- Pata UK, Aydin M (2020) Testing the EKC hypothesis for the top six hydropower energy-consuming countries: evidence from Fourier Bootstrap ARDL procedure. J Clean Prod 264:121699. https://doi.org/10.1016/j.jclepro.2020.121699 .
Paper not yet in RePEc: Add citation now
Presbitero AF (2012) Total public debt and growth in developing countries. Eur J Dev Res 24(4):606–626. https://doi.org/10.1057/ejdr.2011.62 .
- Puente-Ajovín M, Sanso-Navarro M (2015) Granger causality between debt and growth: evidence from OECD countries. Int Rev Econ Financ 35:66–77. https://doi.org/10.1016/j.iref.2014.09.007 .
Paper not yet in RePEc: Add citation now
- Reinhart C, Rogoff K (2010b) Debt and growth revisited. MPRA Paper 24376, University Library of Munich, Germany.
Paper not yet in RePEc: Add citation now
Reinhart CM, Reinhart VR, Rogoff KS (2012) Public debt overhangs: advanced-economy episodes since 1800. J Econ Perspect 26(3):69–86. https://doi.org/10.1257/jep.26.3.69 .
- Reinhart CM, Rogoff KS (2010a) Growth in a time of debt. Am Econ Rev 100(2):573–578. https://doi.org/10.1257/aer.100.2.573 .
Paper not yet in RePEc: Add citation now
Saungweme T, Odhiambo NM (2020) Causality between public debt, public debt service and economic growth in an emerging economy. Studia Universitatis Babes Bolyai Oeconomica 65(1):1–19.
- Šuliková V, Djukic M, Gazda V, Horváth D, Kulhánek L (2015) Asymmetric impact of public debt on economic growth in selected EU countries. J Econ 63(9):944–958.
Paper not yet in RePEc: Add citation now
Toda HY, Yamamoto T (1995) Statistical inference in vector autoregressions with possibly integrated processes. J Econ 66(1):225–250. https://doi.org/10.1016/0304-4076(94)01616-8 .
Toktas Y, Altiner A, Bozkurt E (2019) The relationship between Turkey’s foreign debt and economic growth: an asymmetric causality analysis. Appl Econ 51(26):2807–2817. https://doi.org/10.1080/00036846.2018.1558360 .
Turan T, Varol Iyidogan P (2023) Non-linear impacts of public debt on growth, investment and credit: a dynamic panel threshold approach. Prague Econ Pap 32(2):107–128. https://doi.org/10.18267/j.pep.825 .
Turan T, Yanikkaya H (2021) External debt, growth and investment for developing countries: some evidence for the debt overhang hypothesis. Port Econ J 20(3):319–341. https://doi.org/10.1007/s10258-020-00183-3 .
Uchida Y, Ono T (2021) Political economy of taxation, debt ceilings, and growth. Eur J Polit Econ 68:101996. https://doi.org/10.1016/j.ejpoleco.2020.101996 .
- UNCTAD (2023) A World of Debt A growing burden to global prosperity. United Nations. https://unctad.org/publication/world-of-debt/dashboard .
Paper not yet in RePEc: Add citation now
Woo J, Kumar MS (2015) public debt and growth. Economica 82(328):705–739. https://doi.org/10.1111/ecca.12138 .
Yolcu Karadam D (2018) An investigation of nonlinear effects of debt on growth. J Econ Asymmetries 18:e00097. https://doi.org/10.1016/j.jeca.2018.e00097 .
- Yoong FT, Latip ARA, Sanusi NA, Kusairi S (2020) Public debt and economic growth nexus in Malaysia: an ARDL approach. J Asian Finance Econ Bus 7(11):137–145. https://doi.org/10.13106/JAFEB.2020.VOL7.NO11.137 .
Paper not yet in RePEc: Add citation now