Impact of Debt Threshold Level on GDP Per Capita Growth: Evidence of G7 Advance Countries
作者: Irfan Alam
刊名: International Journal of Science, Technology and Society, 2019, Vol.7 (5)
来源数据库: Science Publishing Group
DOI: 10.11648/j.ijsts.20190705.11
关键词: GDP Per Capita GrowthPublic DebtThreshold EffectPanel Threshold RegressionG7 (Advance Countries)
原始语种摘要: The aim of this study is to investigate the relationship between debt threshold and GDP per capita growth by using Panel Threshold Regression. The sample of the study is G7 (Advanced Countries) from the period of 1995 to 2015. The results suggested that the scale of debt threshold is ambiguous in this study because debt threshold has not significant effect on GDP per capita growth at the threshold level of 62.47%. The magnitude of debt effect is not same on below and above threshold level. If debt is below and above from 62.47%, its significant positive effect on GDP growth at 0.70% and 0.47% respectively. Also, explanatory variables are used in the study include inflation, trade to GDP, gross saving to GNI, government final consumption expenditure and total investment to GDP. There is a...
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  • GDP Generalized Data base Processor
  • expenditure 支出
  • inflation 膨胀
  • consumption 消耗
  • explanatory 说明
  • saving 节省
  • Growth 生长
  • trade 买卖
  • growth 生长
  • effect 效应