skip to content

Faculty of Economics

Journal Cover

Chudik, A., Mohaddes, K., Pesaran, M. H. and Raissi, M.

Rising Public Debt to GDP Can Harm Economic Growth

Economic Letter, Federal Reserve Bank of Dallas

Vol. 13(3) pp. 1-4 (2018)

Abstract: The debt–growth relationship is complex, varying across countries and affected by global factors. While there is no simple universal threshold above which debt to GDP significantly depresses growth, high and rising public debt burdens slow growth in the long term, data from the past four decades indicate.

Author links: Kamiar Mohaddes  M. Hashem Pesaran  

Publisher's Link: https://www.dallasfed.org/~/media/documents/research/eclett/2018/el1803.pdf


Papers and Publications



Recent Publications


Bhattacharya, D. The Empirical Content of Binary Choice Models Econometrica [2020]

Carvalho, V. M., Nirei, M., Saito, Y. U. and Tahbaz-Salehi, A. Supply Chain Disruptions: Evidence from the Great East Japan Earthquake Quarterly Journal of Economics, forthcoming [2021]

Vogt, M., Linton, O. Multiscale clustering of nonparametric regression curves Journal of Econometrics [2020]

Todd, P. E. and Zhang, W. A Dynamic Model of Personality, Schooling, and Occupational Choice Quantitative Economics [2020]