Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/178908 
Year of Publication: 
2016
Citation: 
[Journal:] Economic and Environmental Studies (E&ES) [ISSN:] 2081-8319 [Volume:] 16 [Issue:] 1 [Publisher:] Opole University, Faculty of Economics [Place:] Opole [Year:] 2016 [Pages:] 115-129
Publisher: 
Opole University, Faculty of Economics, Opole
Abstract: 
The paper aims to analyse the impact of government debt on the country's economic growth. Beginning of the economic crisis in 2007 and rapid growth of government debt has attracted interest in this topic. Government debt-to-GDP ratio in the EU has increased from 58.7 to 86.8 percent from 2007 till 2014 and opened a vast field for discussions - how economic growth is affected by this situation? Using panel data approaches, we find evidence that in short-run increasing government debt has uniform negative impact on economic growth in all EU Member States but in the long-run negative impact is only in those that do not match Maastricht criterion.
Subjects: 
government debt
budget deficit
economic growth
Maastricht criterion
JEL: 
F34
H63
C23
Document Type: 
Article

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