Beyond inconclusive empirical research, this chapter examines the theoretical literature concerning public debt and economic growth finding no univocal and straightforward answer. No meaningful assessment of debt and its effect on growth at any point in time is possible without reference to the whole debt trajectory and the specific state of the economy along the trajectory. An orderly and consistent analysis may be developed along two coordinates of debt assessment: sustainability/ unsustainability, and efficiency/inefficiency. In our view, research should concentrate on the study of specific conditions and cases, and abandon the pursuit of a general law.

Is there a level of public debt that impairs economic growth? In search of a theory / Tamborini, Roberto; Tomaselli, Matteo. - STAMPA. - (2021), pp. 65-113.

Is there a level of public debt that impairs economic growth? In search of a theory

Tamborini, Roberto
Primo
;
Tomaselli, Matteo
Ultimo
2021-01-01

Abstract

Beyond inconclusive empirical research, this chapter examines the theoretical literature concerning public debt and economic growth finding no univocal and straightforward answer. No meaningful assessment of debt and its effect on growth at any point in time is possible without reference to the whole debt trajectory and the specific state of the economy along the trajectory. An orderly and consistent analysis may be developed along two coordinates of debt assessment: sustainability/ unsustainability, and efficiency/inefficiency. In our view, research should concentrate on the study of specific conditions and cases, and abandon the pursuit of a general law.
2021
Public debt.: Impact, challenges, management
New York
Nova Science Publishers
978-1-53619-326-8
9781536193749
Tamborini, Roberto; Tomaselli, Matteo
Is there a level of public debt that impairs economic growth? In search of a theory / Tamborini, Roberto; Tomaselli, Matteo. - STAMPA. - (2021), pp. 65-113.
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11572/296518
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