Determinants of growth in rich countries : non-linear effects of debt

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dc.contributor.authorSaliba, Edwin Mitri
dc.contributor.departmentDepartment of Economics
dc.contributor.facultyFaculty of Arts and Sciences
dc.contributor.institutionAmerican University of Beirut
dc.date2013
dc.date.accessioned2013-10-02T09:23:30Z
dc.date.available2013-10-02T09:23:30Z
dc.date.issued2013
dc.descriptionThesis (M.A.)--American University of Beirut, Department of Economics, 2012.
dc.descriptionAdvisor : Dr. Nisreen Salti, Assistant Professor, Economics--Committee Members : Dr. Simon Neaime, Professor, Economics ; Dr. Darius Martin, Assistant Professor, Economics.
dc.descriptionIncludes bibliographical references (leaves 38-40)
dc.description.abstractThis paper explores the impact of high public debt on long-run economic growth. The analysis, based on a panel of 38 advanced economies over almost four decades, takes into account a broad range of determinants of growth and addresses a variety of potential estimation problems including reverse causality and endogeneity. The empirical results are not significant enough to determine a negative relation between debt and growth. Results for other determinants of growth are not in disaccord with the theory: we find evidence of conditional convergence, openness of an economy andeducation promote growth, while banking crises and inflation seem to undermine it.
dc.format.extentix, 40 leaves : ill. ; 30cm.
dc.identifier.urihttp://hdl.handle.net/10938/9646
dc.language.isoen
dc.relation.ispartofTheses, Dissertations, and Projects
dc.subject.classificationT:005794 AUBNO
dc.subject.lcshEconomic development.
dc.subject.lcshDebts, Public.
dc.subject.lcshRegression analysis.
dc.subject.lcshFinancial crises.
dc.subject.lcshInflation (Finance).
dc.titleDeterminants of growth in rich countries : non-linear effects of debt
dc.typeThesis

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