Public Debt, Economic Growth and Nonlinear Effects: Myth or Reality?
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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The economics profession seems to increasingly endorse the existence of a strongly negative nonlinear effect of public debt on economic growth. Reinhart and Rogoff (2010) were the first to point out that a public debt-to-GDP ratio higher than 90% of GDP is associated with considerably lower economic performance in advanced and emerging economies...
