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150128 ||| eng |
| 020 |
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|a 9781475504507
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| 100 |
1 |
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|a Drakes, Lisa
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| 245 |
0 |
0 |
|a Threshold Effects of Sovereign Debt
|b Evidence From the Caribbean
|c Lisa Drakes, Chrystol Thomas, Roland Craigwell, Kevin Greenidge
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2012
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| 300 |
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|a 23 pages
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| 651 |
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4 |
|a Jamaica
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| 653 |
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|a National Government Expenditures and Related Policies: General
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| 653 |
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|a Debt Management
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| 653 |
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|a Public finance & taxation
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| 653 |
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|a Macroeconomics
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| 653 |
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|a External debt
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| 653 |
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|a Econometrics
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| 653 |
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|a Expenditures, Public
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| 653 |
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|a Fiscal stance
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| 653 |
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|a Threshold analysis
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| 653 |
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|a International economics
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| 653 |
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|a Public Finance
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| 653 |
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|a Econometrics & economic statistics
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| 653 |
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|a Fiscal Policy
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| 653 |
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|a Panel Data Models
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| 653 |
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|a Truncated and Censored Models
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| 653 |
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|a Debts, External
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| 653 |
|
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|a Public debt
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| 653 |
|
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|a Debts, Public
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| 653 |
|
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|a Threshold Regression Models
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| 653 |
|
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|a Sovereign Debt
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| 653 |
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|a Fiscal policy
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| 653 |
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|a Exports and Imports
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| 653 |
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|a Switching Regression Models
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| 653 |
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|a International Lending and Debt Problems
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| 653 |
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|a Spatio-temporal Models
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| 653 |
|
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|a Expenditure
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| 653 |
|
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|a Debt
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| 653 |
|
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|a Econometric analysis
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| 700 |
1 |
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|a Craigwell, Roland
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| 700 |
1 |
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|a Greenidge, Kevin
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| 700 |
1 |
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|a Thomas, Chrystol
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| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
0 |
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|a IMF Working Papers
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| 028 |
5 |
0 |
|a 10.5089/9781475504507.001
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| 856 |
4 |
0 |
|u https://elibrary.imf.org/view/journals/001/2012/157/001.2012.issue-157-en.xml?cid=26005-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
0 |
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|a 330
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| 520 |
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|a This paper addresses the issue of threshold effects between public debt and economic growth in the Caribbean. The main finding is that there exists a threshold debt to gross domestic product (GDP) ratio of 55-56 percent. Moreover, the debt dynamics begin changing well before this threshold is reached. Specifically, at debt levels lower than 30 percent of GDP, increases in the debt-to-GDP ratio are associated with faster economic growth. However, as debt rises beyond 30 percent, the effects on economic growth diminishes rapidly and at debt levels reaching 55-56 percent of GDP, the growth impacts switch from positive to negative. Thus, beyond this threshold, debt becomes a drag on growth
|