PUBLIC DEBT AND STABILITY IN ECONOMIC GROWTH: EVIDENCE FOR LATIN AMERICA

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dc.contributor.authorJosé Mauricio Gil León
dc.contributor.authorJohn William Rosso Murillo
dc.contributor.authorEdgar Alonso Ramírez-Hernández
dc.coverage.spatialBolivia
dc.date.accessioned2026-03-22T15:06:16Z
dc.date.available2026-03-22T15:06:16Z
dc.date.issued2019
dc.descriptionCitaciones: 7
dc.description.abstractWe study the effect of public indebtedness on economic growth in Latin American economies. Our main findings indicate that a Public Debt-GDP ratio of 75% leads to a deceleration in growth. On the other hand, a ratio of 35% increases the growth volatility. By using a Panel VAR we also found that external shocks, such as the foreign capital flows and the terms of trade, influence in the public debt effect on the economic growth. Clearly, the higher the level of public debt, the more vulnerable the economy can be in the short term; however, in the long term the growth is relevant for fiscal sustainability.Keywords: public debt, economic growth, GDP volatility, macroeconomic stability, current account.JEL Classifications: E60, E62, H63, O47DOI: https://doi.org/10.32479/ijefi.8167
dc.identifier.doi10.32479/ijefi.8167
dc.identifier.urihttps://doi.org/10.32479/ijefi.8167
dc.identifier.urihttps://andeanlibrary.org/handle/123456789/50402
dc.language.isoen
dc.publisherEconJournals
dc.relation.ispartofInternational Journal of Economics and Financial Issues
dc.sourcePedagogical and Technological University of Colombia
dc.subjectEconomics
dc.subjectDebt
dc.subjectVolatility (finance)
dc.subjectMonetary economics
dc.subjectDebt-to-GDP ratio
dc.subjectLatin Americans
dc.subjectExternal debt
dc.subjectFiscal sustainability
dc.subjectPublic capital
dc.subjectMacroeconomics
dc.titlePUBLIC DEBT AND STABILITY IN ECONOMIC GROWTH: EVIDENCE FOR LATIN AMERICA
dc.typearticle

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