Kose, M. Ayhan; Ohnsorge, Franziska; Sugawara, Naotaka - 2020
debt levels. Considering currently subdued investment, additional government borrowing might also appear to be an … attractive option for financing growth-enhancing initiatives such as investment in human and physical capital. However, history … investment and long-term growth. Hence, EMDEs need to strike a careful balance between taking advantage of low interest rates and …