scholarly journals Fiscal Deficits, Public Debt and Government Solvency: Evidence from OECD Countries

10.3386/w3658 ◽  
1991 ◽  
Author(s):  
Giancarlo Corsetti ◽  
Nouriel Roubini
Keyword(s):  
Public Debt ◽  
Oecd Countries ◽  
Fiscal Deficits

Public debt and private consumption in OECD countries

2014 ◽  
Vol 11 ◽  
pp. 1-7 ◽  
Author(s):  
Periklis Gogas ◽  
Vasilios Plakandaras ◽  
Theophilos Papadimitriou
Keyword(s):  
Public Debt ◽  
Private Consumption ◽  
Oecd Countries

Is There a Threshold Effect of Public Debt on Economic Growth?

2019 ◽  
pp. 49-64
Author(s):  
Seher Gulsah Topuz ◽  
Taner Sekmen
Keyword(s):  
Economic Growth ◽  
Linear Relationship ◽  
Public Debt ◽  
Threshold Effect ◽  
Oecd Countries ◽  
Fiscal Policies ◽  
The Public ◽  
Regression Methods ◽  
The Relationship ◽  
Panel Threshold Regression

In this chapter, the relationship between public debt and economic growth is examined for OECD countries. In order to determine this relationship, the data between 2002 and 2016 is analyzed using panel threshold regression methods. The findings of the study suggest that the relationship between public debt and economic growth is linear. The public debt threshold is estimated at 99.75% for OECD countries but it is statistically insignificant. While the public debt to GDP ratio is both below and above this threshold, the effect of public debt on economic growth is negative and statistically significant. There is no evidence of the existence of a non-linear relationship between public debt and economic growth. These findings are expected to guide policymakers in the implementation of fiscal policies.

scholarly journals Fiscal performance of minority governments: New empirical evidence for OECD countries

2019 ◽  
pp. 135406881986608 ◽  
Author(s):  
Niklas Potrafke
Keyword(s):  
Empirical Evidence ◽  
Public Expenditure ◽  
Oecd Countries ◽  
Fiscal Policies ◽  
Fiscal Deficits ◽  
Fiscal Performance ◽  
Opposition Parties

I use new data on central and general governments for 23 OECD countries over the period 1960–2015 (unbalanced panel) to examine fiscal performance under minority governments. The results do not suggest that minority governments had higher fiscal deficits and public expenditure than majority governments—corroborating many previous studies. An innovation of my study is to examine fiscal policies of minority governments that enjoy organized support of opposition parties. The results do not show that minority governments that enjoy organized support of opposition parties increased public expenditure to a larger extent than majority governments. If anything, fiscal deficits were somewhat higher under single-party minority governments with organized support of opposition parties than under majority governments especially. Minority and majority governments had quite similar fiscal performance in OECD countries.

scholarly journals Pakistan

2019 ◽  
Vol 19 (212) ◽  
pp. 1
Author(s):  
Keyword(s):  
Public Debt ◽  
Informal Economy ◽  
Financial Stability ◽  
Business Environment ◽  
Economic Policies ◽  
Short Term ◽  
Policy Action ◽  
Fiscal Deficits ◽  
Growth Prospects ◽  
Growing Population

Pakistan’s economy is at a critical juncture. Misaligned economic policies, including large fiscal deficits, loose monetary policy, and defense of an overvalued exchange rate, fueled consumption and short-term growth in recent years, but steadily eroded macroeconomic buffers, increased external and public debt, and depleted international reserves. Structural weaknesses remained largely unaddressed, including a chronically weak tax administration, a difficult business environment, inefficient and loss making SOEs, and low labor productivity amid a large informal economy. Without urgent policy action, economic and financial stability could be at risk, and growth prospects will be insufficient to meet the needs of a rapidly growing population.

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