The effect of public debt on growth in multiple regimes

@inproceedings{Kourtellos2018TheEO,
  title={The effect of public debt on growth in multiple regimes},
  author={Andros Kourtellos and Thanasis Stengos and Chih Ming Tan},
  year={2018}
}
We employ a structural threshold regression methodology to investigate the heterogeneous effects of debt on growth using public debt as a threshold variable as well as several other plausible variables. Our methodology allows us to address parameter heterogeneity that characterizes cross-country growth data and at the same time account for endogeneity. We… CONTINUE READING