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

Nicholas Apergis; Arusha Cooray

doi:10.1080/13504851.2015.1061638

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

Nicholas Apergis, Arusha Cooray

Business and Management

Research output: Contribution to journal › Article › peer-review

3 Citations (Scopus)

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.

Original language	English
Pages (from-to)	171-174
Journal	Applied Economics Letters
Volume	23
Issue number	3
Early online date	3 Aug 2015
DOIs	https://doi.org/10.1080/13504851.2015.1061638
Publication status	Published - 11 Feb 2016

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10.1080/13504851.2015.1061638

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title = "Debt uncertainty and economic growth: evidence from five highly indebted Eurozone countries",

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.",

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AB - 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.

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JO - Applied Economics Letters

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

Abstract

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