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Beschreibung
The 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.
Non-linear approach
Details
| Verlag | Our Knowledge Publishing |
| Ersterscheinung | 30. September 2023 |
| Maße | 22 cm x 15 cm x 0.5 cm |
| Gewicht | 137 Gramm |
| Format | Softcover |
| ISBN-13 | 9786206513506 |
| Seiten | 80 |
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