{"product_id":"public-debt-and-economic-growth-in-ecowas-von-kouakou-aime-yao","title":"public debt and economic growth in ECOWAS.","description":"\u003cp\u003eThe objective of this work is to examine the effect of public debt levels on economic growth in ECOWAS states over the period 2000 to 2019. Using a PSTR model, the results show that public debt has significant non-linear effects on economic growth. The estimates reveal the existence of a debt threshold estimated at 42.59% of GDP, below which additional debt has a positive effect on growth. On the other hand, above 42.59% of GDP, public debt has a negative effect on growth.The results of this study give rise to a number of economic policy recommendations.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9786206513506\"\u003e\u003ch3\u003eNon-linear approach\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9786206513506","offer_id":47147377852741,"sku":"9786206513506","price":43.9,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/8003c56b-89e5-4cc6-b199-4df345a9457e.jpg?v=1758780529","url":"https:\/\/shop.autorenwelt.de\/en\/products\/public-debt-and-economic-growth-in-ecowas-von-kouakou-aime-yao","provider":"Autorenwelt Shop","version":"1.0","type":"link"}