On the relationship between economic growth and government debt for Bulgaria. Test of the Reinhart-Rogoff hypothesis
Based on an extended production function, this paper finds that the turning point of the government debt ratio for Bulgaria is estimated to be 45.2631%, suggesting that an increase in the debt ratio beyond 45.2631% will cause the growth rate of real GDP to decline. This turning point for Bulgaria is...
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| Format: | Article |
| Language: | English |
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General Association of Economists from Romania
2020-12-01
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| Series: | Theoretical and Applied Economics |
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| Online Access: |
http://store.ectap.ro/articole/1502.pdf
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