统计研究 ›› 2006, Vol. 23 ›› Issue (1): 29-34.

• 论文 • 上一篇    下一篇

政府债务妨碍长期经济增长:国际证据

尹恒   

  1. 北京师范大学
  • 收稿日期:1900-01-01 修回日期:1900-01-01 出版日期:2006-01-15 发布日期:2006-01-15

  • Received:1900-01-01 Revised:1900-01-01 Online:2006-01-15 Published:2006-01-15

Abstract: Based on a new panel data, we find a very significant and robust empirical relation:government debt is harmful to longrun economic growth.After controlling a few veriables emphasized by economic growth literature, the higher government debtGDP ratio is, the lower longrun economic growth rate is.This kind of negative effect of government debt is more obvious in developing countries,and may come from the fluctuation of government debtGDP ratio.We also find a few familiar results on economic growth empirical research:there is conditional convergence to some extent ,total investment-GDP ratio and life expextancy is positive to exonomic growth,etc