Calderón, César; Fuentes, J. Rodrigo - Inter-American Development Bank - 2013
tests whether public debt hinders growth; and, second, it explores whether economic policy ameliorates this effect. A large … panel data of countries for 1970-2010 reveal a negative and robust effect of public debt on growth. Strong institutions … environment and its interaction with public debt has helped explain the improved growth performance of industrial and developing …