Tài liệu Thư viện số

Danh mục TaiLieu.VN

Determinants of Public Debt in Lower-Middle Income Countries

This paper aims is to empirically investigate the influence of macro–economic factors on the changes of the public debt in lower middle-income countries. By applying DGMM regression method on the dataset of 40 countries during the 1996-2015, the study provides empirical evidences on the role of macroeconomic factors on changes of public debt in lower middle-income countries, including trade openness, interest rates, budget surplus, inflation, economic growth, foreign direct investment, infrastructure, financial development.

Từ khóa: Economics growth, Public debt, Differenced panel GMM Arellano-Bond estimation, Lower Middle Income Countries, Empirical model, Research data

7 p tailieu_cdxd2 23/02/2019 124 2

Bình luận