Public Debt and Economic Growth in Emerging Market Economies

Fincke B, Greiner A (2015)
South African Journal of Economics 83(3): 357-370.

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Abstract
This paper empirically studies the relationship between public debt and economic growth for selected emerging market economies by performing panel data estimations. The results reveal a statistically significant positive correlation between public debt and the subsequent growth rate of per capita gross domestic product (GDP). Population and investment are also positively correlated with per capita growth, whereas the initial level of real GDP per capita exerts a negative influence on growth, implying conditional convergence. Other variables such as the inflation rate, the trade balance or the exchange rate do not yield a statistically significant effect with respect to economic growth.
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Fincke B, Greiner A. Public Debt and Economic Growth in Emerging Market Economies. South African Journal of Economics. 2015;83(3):357-370.
Fincke, B., & Greiner, A. (2015). Public Debt and Economic Growth in Emerging Market Economies. South African Journal of Economics, 83(3), 357-370.
Fincke, B., and Greiner, A. (2015). Public Debt and Economic Growth in Emerging Market Economies. South African Journal of Economics 83, 357-370.
Fincke, B., & Greiner, A., 2015. Public Debt and Economic Growth in Emerging Market Economies. South African Journal of Economics, 83(3), p 357-370.
B. Fincke and A. Greiner, “Public Debt and Economic Growth in Emerging Market Economies”, South African Journal of Economics, vol. 83, 2015, pp. 357-370.
Fincke, B., Greiner, A.: Public Debt and Economic Growth in Emerging Market Economies. South African Journal of Economics. 83, 357-370 (2015).
Fincke, Bettina, and Greiner, Alfred. “Public Debt and Economic Growth in Emerging Market Economies”. South African Journal of Economics 83.3 (2015): 357-370.
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