Konatar, Milena; Đurašković, Jovan; Popović, Nemanja; … - In: Prague economic papers : a bimonthly journal of … 34 (2025) 1, pp. 26-44
This study estimates the impact of public debt on public investment in Central and Eastern European (CEE) economies. We implement Cross-sectionally Augmented Autoregressive Distributed Lag (CS-ARDL) model, which effectively handles cross-sectional dependence and slope heterogeneity, while...