Debt uncertainty and economic growth: evidence from five highly indebted Eurozone countries

Apergis, Nicholas and Cooray, Arusha (2016) Debt uncertainty and economic growth: evidence from five highly indebted Eurozone countries. Applied Economics Letters, 23 (3). pp. 171-174. ISSN 1350-4851

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Official URL: http://dx.doi.org/10.1080/13504851.2015.1061638

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.

Item Type: Article
Uncontrolled Keywords: economic growth, public debt uncertainty, Eurozone countries, E62, E23
Subjects: L100 Economics
L200 Politics
Department: Faculties > Business and Law > Newcastle Business School > Accounting and Finance
Depositing User: Ay Okpokam
Date Deposited: 25 Aug 2015 09:26
Last Modified: 09 Dec 2015 11:57
URI: http://nrl.northumbria.ac.uk/id/eprint/23606

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