Academic Journal
Revisiting the debt-growth nexus: Evidence from India
| العنوان: | Revisiting the debt-growth nexus: Evidence from India |
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| المؤلفون: | Saini Pratibha, Muniyoor Krishna |
| المصدر: | Ekonomski Anali, Vol 66, Iss 231, Pp 151-171 (2021) |
| بيانات النشر: | Faculty of Economics, Belgrade, 2021. |
| سنة النشر: | 2021 |
| المجموعة: | LCC:Economic growth, development, planning |
| مصطلحات موضوعية: | economic growth, public debt, foreign exchange reserve, bayer-hanck, ardl, india, Economic growth, development, planning, HD72-88 |
| الوصف: | The main purpose of this study is to examine the debt-growth nexus in India over the period 1984-2019 using Bayer-Hanck and Autoregressive Distributed Lag (ARDL) cointegration techniques. The findings of both techniques suggest the existence of a negative relationship between public debt and economic growth in the long run. The results also confirm the significant negative relationship between foreign exchange reserves and economic growth. Interestingly, the test results confirm the unidirectional causality running from public debt to economic growth in the case of India. From a policy perspective, reducing public debt is imperative to achieve long-term sustainable growth. Efforts should be made to circumvent the burden of burgeoning interest liabilities by generating a primary surplus, which will facilitate debt servicing and timely repayment of debt. |
| نوع الوثيقة: | article |
| وصف الملف: | electronic resource |
| اللغة: | English |
| تدمد: | 0013-3264 1820-7375 |
| Relation: | https://doaj.org/toc/0013-3264; https://doaj.org/toc/1820-7375 |
| DOI: | 10.2298/EKA2131151S |
| URL الوصول: | https://doaj.org/article/e5ec90588a814eea904d59f68f4acb5d |
| رقم الانضمام: | edsdoj.5ec90588a814eea904d59f68f4acb5d |
| قاعدة البيانات: | Directory of Open Access Journals |
| تدمد: | 00133264 18207375 |
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| DOI: | 10.2298/EKA2131151S |