公共债务能够促进经济增长吗?

Could Public Debt Promote Economic Growth?

本文在对公共债务与经济增长关系的理论分析基础上,采用panel data模型,以2001～2010年OECD中19个主要国家为研究对象,进行实证分析。结果发现:第一,对经济增长贡献最大的因素是劳动,其次是资本;第二,公共债务对经济增长没有显著的影响,也不存在滞后效应;第三,在西方国家,采用何种政治制度对经济增长的影响是不显著的,但是,欧元区国家的经济增长比非欧元区国家低。

On the basis of theoretical analysis on the relationship between the public debt and economic growth,the paper applies panel data model to study 19 major countries of OECD in 2001～2010.The results show that: firstly,what contributs most to economic growth is the labor,then is the capital;Secondly,public debt has no significant influence on economic growth,and no lag effect;Thirdly,in western countries,the type of political system has no significant influence on economic growth,but economic growth of eurozone countries is lower than that of non-eurozone countries.