Economic growth and government debt in the countries of OECD
Autor(a) principal: | |
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Data de Publicação: | 2013 |
Tipo de documento: | Dissertação |
Idioma: | por |
Título da fonte: | Biblioteca Digital de Teses e Dissertações da UFC |
Texto Completo: | http://www.teses.ufc.br/tde_busca/arquivo.php?codArquivo=11518 |
Resumo: | This work was developed with the aim of contributing to the discussion about the impact of the public debt on the economic growth of the OECD countries. Different theoretical and empirical work suggest an effect of economic stagnation when there is an increase in the debt, however, and on the other hand, many authors argue that a rise in the growth strengthens the economy by attracting new investors. There is no consensus in the literature on the subject. This work was developed with the main purpose to provide data that may help clarify the debt and growth paradox. To capture the direction of those two variables as well as the mutual influence of this movement, we used in our study an econometric vector auto-regressive type model â VAR, with annual data from 16 out of the 32 countries considered as advanced economies that make up the Organization for Economic Cooperation and Development â OECD, during the period from 1995 to 2011. The results presented indicate a weak causality going from growth to debt. Thresholds concerning public debt have not been identified. It has been found out that a low economic growth of the countries within the sample, under the Granger sense, causes bigger Debt/GDP ratios. |
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info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisEconomic growth and government debt in the countries of OECDCrescimento econÃmico e dÃvida pÃblica nos paises da OECD 2013-11-04Christiano Modesto Penna08191866781http://lattes.cnpq.br/1813321084959262Guilherme Diniz Irffi04447250675http://lattes.cnpq.br/8821559850261716Andrei Gomes Simonassi00000060068http://lattes.cnpq.br/8542940399953204 21982163372http://lattes.cnpq.br/2681529971426969Francisca Maria Muniz DeusdarÃUniversidade Federal do CearÃPrograma de PÃs-GraduaÃÃo em Economia - CAENUFCBRDÃvida pÃblica crescimento econÃmico causalidade estagnaÃÃoPublic debt economic growth causality stagnationCIENCIAS SOCIAIS APLICADASThis work was developed with the aim of contributing to the discussion about the impact of the public debt on the economic growth of the OECD countries. Different theoretical and empirical work suggest an effect of economic stagnation when there is an increase in the debt, however, and on the other hand, many authors argue that a rise in the growth strengthens the economy by attracting new investors. There is no consensus in the literature on the subject. This work was developed with the main purpose to provide data that may help clarify the debt and growth paradox. To capture the direction of those two variables as well as the mutual influence of this movement, we used in our study an econometric vector auto-regressive type model â VAR, with annual data from 16 out of the 32 countries considered as advanced economies that make up the Organization for Economic Cooperation and Development â OECD, during the period from 1995 to 2011. The results presented indicate a weak causality going from growth to debt. Thresholds concerning public debt have not been identified. It has been found out that a low economic growth of the countries within the sample, under the Granger sense, causes bigger Debt/GDP ratios.Este trabalho foi elaborado com o objetivo de contribuir com a discussÃo sobre o impacto da dÃvida pÃblica no crescimento econÃmico nos paÃses da OCDE. Diferentes trabalhos teÃricos e empÃricos propÃem um efeito de estagnaÃÃo da economia quando hà uma elevaÃÃo da dÃvida, entretanto e, por outro lado, muitos autores defendem que uma elevaÃÃo no crescimento fortalece a economia atraindo novos investidores. NÃo hà consenso na literatura sobre o assunto. Com a finalidade principal de fornecer dados que possam ajudar a esclarecer o paradoxo dÃvida e crescimento este trabalho foi desenvolvido. Para capturar a direÃÃo destas duas variÃveis, bem como a influÃncia mÃtua deste movimento, no nosso estudo foi utilizado um modelo economÃtrico do tipo autorregressivo vetorial â VAR, com dados anuais de 16 dos 32 paÃses considerados de economia avanÃada que compÃem a OrganizaÃÃo para CooperaÃÃo e Desenvolvimento EconÃmico â OCDE, durante o perÃodo de 1995 a 2011. Os resultados apresentados indicam uma fraca causalidade indo do crescimento para dÃvida. NÃo foram encontrados limiares para dÃvida pÃblica. Foi encontrado que um baixo crescimento econÃmico dos paÃses da amostra causa, no sentido de Granger, maiores razÃes DÃvida/PIB.nÃo hÃhttp://www.teses.ufc.br/tde_busca/arquivo.php?codArquivo=11518application/pdfinfo:eu-repo/semantics/openAccessporreponame:Biblioteca Digital de Teses e Dissertações da UFCinstname:Universidade Federal do Cearáinstacron:UFC2019-01-21T11:24:42Zmail@mail.com - |
dc.title.en.fl_str_mv |
Economic growth and government debt in the countries of OECD |
dc.title.alternative.pt.fl_str_mv |
Crescimento econÃmico e dÃvida pÃblica nos paises da OECD |
title |
Economic growth and government debt in the countries of OECD |
spellingShingle |
Economic growth and government debt in the countries of OECD Francisca Maria Muniz Deusdarà DÃvida pÃblica crescimento econÃmico causalidade estagnaÃÃo Public debt economic growth causality stagnation CIENCIAS SOCIAIS APLICADAS |
title_short |
Economic growth and government debt in the countries of OECD |
title_full |
Economic growth and government debt in the countries of OECD |
title_fullStr |
Economic growth and government debt in the countries of OECD |
title_full_unstemmed |
Economic growth and government debt in the countries of OECD |
title_sort |
Economic growth and government debt in the countries of OECD |
author |
Francisca Maria Muniz Deusdarà |
author_facet |
Francisca Maria Muniz Deusdarà |
author_role |
author |
dc.contributor.advisor1.fl_str_mv |
Christiano Modesto Penna |
dc.contributor.advisor1ID.fl_str_mv |
08191866781 |
dc.contributor.advisor1Lattes.fl_str_mv |
http://lattes.cnpq.br/1813321084959262 |
dc.contributor.referee1.fl_str_mv |
Guilherme Diniz Irffi |
dc.contributor.referee1ID.fl_str_mv |
04447250675 |
dc.contributor.referee1Lattes.fl_str_mv |
http://lattes.cnpq.br/8821559850261716 |
dc.contributor.referee2.fl_str_mv |
Andrei Gomes Simonassi |
dc.contributor.referee2ID.fl_str_mv |
00000060068 |
dc.contributor.referee2Lattes.fl_str_mv |
http://lattes.cnpq.br/8542940399953204 |
dc.contributor.authorID.fl_str_mv |
21982163372 |
dc.contributor.authorLattes.fl_str_mv |
http://lattes.cnpq.br/2681529971426969 |
dc.contributor.author.fl_str_mv |
Francisca Maria Muniz Deusdarà |
contributor_str_mv |
Christiano Modesto Penna Guilherme Diniz Irffi Andrei Gomes Simonassi |
dc.subject.por.fl_str_mv |
DÃvida pÃblica crescimento econÃmico causalidade estagnaÃÃo |
topic |
DÃvida pÃblica crescimento econÃmico causalidade estagnaÃÃo Public debt economic growth causality stagnation CIENCIAS SOCIAIS APLICADAS |
dc.subject.eng.fl_str_mv |
Public debt economic growth causality stagnation |
dc.subject.cnpq.fl_str_mv |
CIENCIAS SOCIAIS APLICADAS |
dc.description.sponsorship.fl_txt_mv |
nÃo hà |
dc.description.abstract.por.fl_txt_mv |
This work was developed with the aim of contributing to the discussion about the impact of the public debt on the economic growth of the OECD countries. Different theoretical and empirical work suggest an effect of economic stagnation when there is an increase in the debt, however, and on the other hand, many authors argue that a rise in the growth strengthens the economy by attracting new investors. There is no consensus in the literature on the subject. This work was developed with the main purpose to provide data that may help clarify the debt and growth paradox. To capture the direction of those two variables as well as the mutual influence of this movement, we used in our study an econometric vector auto-regressive type model â VAR, with annual data from 16 out of the 32 countries considered as advanced economies that make up the Organization for Economic Cooperation and Development â OECD, during the period from 1995 to 2011. The results presented indicate a weak causality going from growth to debt. Thresholds concerning public debt have not been identified. It has been found out that a low economic growth of the countries within the sample, under the Granger sense, causes bigger Debt/GDP ratios. Este trabalho foi elaborado com o objetivo de contribuir com a discussÃo sobre o impacto da dÃvida pÃblica no crescimento econÃmico nos paÃses da OCDE. Diferentes trabalhos teÃricos e empÃricos propÃem um efeito de estagnaÃÃo da economia quando hà uma elevaÃÃo da dÃvida, entretanto e, por outro lado, muitos autores defendem que uma elevaÃÃo no crescimento fortalece a economia atraindo novos investidores. NÃo hà consenso na literatura sobre o assunto. Com a finalidade principal de fornecer dados que possam ajudar a esclarecer o paradoxo dÃvida e crescimento este trabalho foi desenvolvido. Para capturar a direÃÃo destas duas variÃveis, bem como a influÃncia mÃtua deste movimento, no nosso estudo foi utilizado um modelo economÃtrico do tipo autorregressivo vetorial â VAR, com dados anuais de 16 dos 32 paÃses considerados de economia avanÃada que compÃem a OrganizaÃÃo para CooperaÃÃo e Desenvolvimento EconÃmico â OCDE, durante o perÃodo de 1995 a 2011. Os resultados apresentados indicam uma fraca causalidade indo do crescimento para dÃvida. NÃo foram encontrados limiares para dÃvida pÃblica. Foi encontrado que um baixo crescimento econÃmico dos paÃses da amostra causa, no sentido de Granger, maiores razÃes DÃvida/PIB. |
description |
This work was developed with the aim of contributing to the discussion about the impact of the public debt on the economic growth of the OECD countries. Different theoretical and empirical work suggest an effect of economic stagnation when there is an increase in the debt, however, and on the other hand, many authors argue that a rise in the growth strengthens the economy by attracting new investors. There is no consensus in the literature on the subject. This work was developed with the main purpose to provide data that may help clarify the debt and growth paradox. To capture the direction of those two variables as well as the mutual influence of this movement, we used in our study an econometric vector auto-regressive type model â VAR, with annual data from 16 out of the 32 countries considered as advanced economies that make up the Organization for Economic Cooperation and Development â OECD, during the period from 1995 to 2011. The results presented indicate a weak causality going from growth to debt. Thresholds concerning public debt have not been identified. It has been found out that a low economic growth of the countries within the sample, under the Granger sense, causes bigger Debt/GDP ratios. |
publishDate |
2013 |
dc.date.issued.fl_str_mv |
2013-11-04 |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/masterThesis |
status_str |
publishedVersion |
format |
masterThesis |
dc.identifier.uri.fl_str_mv |
http://www.teses.ufc.br/tde_busca/arquivo.php?codArquivo=11518 |
url |
http://www.teses.ufc.br/tde_busca/arquivo.php?codArquivo=11518 |
dc.language.iso.fl_str_mv |
por |
language |
por |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
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openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Universidade Federal do Cearà |
dc.publisher.program.fl_str_mv |
Programa de PÃs-GraduaÃÃo em Economia - CAEN |
dc.publisher.initials.fl_str_mv |
UFC |
dc.publisher.country.fl_str_mv |
BR |
publisher.none.fl_str_mv |
Universidade Federal do Cearà |
dc.source.none.fl_str_mv |
reponame:Biblioteca Digital de Teses e Dissertações da UFC instname:Universidade Federal do Ceará instacron:UFC |
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Biblioteca Digital de Teses e Dissertações da UFC |
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Biblioteca Digital de Teses e Dissertações da UFC |
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Universidade Federal do Ceará |
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UFC |
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UFC |
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repository.mail.fl_str_mv |
mail@mail.com |
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