政府债务妨碍长期经济增长:国际证据被引量：15

Government Debts Holding Back Economic Growth in Long Term:International Certification

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摘要 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 expectancy is positive to economic growth,etc. 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 expectancy is positive to economic growth, etc.

作者尹恒

机构地区北京师范大学经济与工商管理学院

出处《统计研究》 CSSCI 北大核心 2006年第1期29-34,共6页 Statistical Research

基金国家自然科学基金(70303003)资助

关键词政府债务经济增长挤出效应公共信贷

分类号 F810 [经济管理—财政学]

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参考文献2

1Robert J. Barro, Economic Growth in a Cross Section of Countries, The Quarterly Journal of Economics, May( 1991 ) ,pp.407 -443.
2尹恒,叶海云.政府债务挤出私人投资:国际证据[J].统计研究,2005,22(10):39-43. 被引量：17

二级参考文献7

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