On the time-varying nature of the debt-growth nexus: Evidence from the euro area

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Title:	On the time-varying nature of the debt-growth nexus: Evidence from the euro area
Author:	Gómez-Puig, Marta; Sosvilla Rivero, Simón, 1961-
Other authors:	Universitat de Barcelona
Abstract:	This paper uses the DCC-GARCH model to investigate the existence of time-varying correlations between public debt and economic growth. To that end, we use annual data from both central and peripheral countries of the euro area for the period 1961-2015. The results suggest that the relationships between these variables are time-varying and that on some countries and for some periods, there is a positive association between them.
Subject(s):	-Deute públic -Creixement econòmic -Variables (Matemàtica) -Zona euro -Public debt -Economic growth -Variables (Mathematics) -Eurozone
Rights:	(c) Taylor and Francis, 2018 info:eu-repo/semantics/embargoedAccess
Document type:	Article Article - Accepted version
Published by:	Taylor and Francis
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