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Federal Reserve Bank of Dallas
Economic Letter
Rising Public Debt to GDP Can Harm Economic Growth
Alexander Chudik
Kamiar Mohaddes
M. Hashem Pesaran
Mehdi Raissi
Abstract

The debt–growth relationship is complex, varying across countries and affected by global factors. While there is no simple universal threshold above which debt to GDP significantly depresses growth, high and rising public debt burdens slow growth in the long term, data from the past four decades indicate.


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Alexander Chudik & Kamiar Mohaddes & M. Hashem Pesaran & Mehdi Raissi, "Rising Public Debt to GDP Can Harm Economic Growth" , Federal Reserve Bank of Dallas, Economic Letter, volume 13, issue 3, pages 1-4, March 2018.
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