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 |
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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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http://store.ectap.ro/articole/1502.pdf
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doaj-0d0fac15070f46e18276b05b78c10cb32021-01-07T11:13:14ZengGeneral Association of Economists from RomaniaTheoretical and Applied Economics1841-86781844-00292020-12-01XXVII418719418418678On the relationship between economic growth and government debt for Bulgaria. Test of the Reinhart-Rogoff hypothesisYu HSING0 Southeastern Louisiana University, USA 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 far less than the 90% turning point proposed by Reinhart and Rogoff. Therefore, the Reinhart-Rogoff hypothesis does not apply to Bulgaria. http://store.ectap.ro/articole/1502.pdf fiscal policygovernment debt ratioreinhart-rogoff hypothesisdebt threshold |
| collection |
DOAJ |
| language |
English |
| format |
Article |
| sources |
DOAJ |
| author |
Yu HSING |
| spellingShingle |
Yu HSING On the relationship between economic growth and government debt for Bulgaria. Test of the Reinhart-Rogoff hypothesis Theoretical and Applied Economics fiscal policy government debt ratio reinhart-rogoff hypothesis debt threshold |
| author_facet |
Yu HSING |
| author_sort |
Yu HSING |
| title |
On the relationship between economic growth and government debt for Bulgaria. Test of the Reinhart-Rogoff hypothesis |
| title_short |
On the relationship between economic growth and government debt for Bulgaria. Test of the Reinhart-Rogoff hypothesis |
| title_full |
On the relationship between economic growth and government debt for Bulgaria. Test of the Reinhart-Rogoff hypothesis |
| title_fullStr |
On the relationship between economic growth and government debt for Bulgaria. Test of the Reinhart-Rogoff hypothesis |
| title_full_unstemmed |
On the relationship between economic growth and government debt for Bulgaria. Test of the Reinhart-Rogoff hypothesis |
| title_sort |
on the relationship between economic growth and government debt for bulgaria. test of the reinhart-rogoff hypothesis |
| publisher |
General Association of Economists from Romania |
| series |
Theoretical and Applied Economics |
| issn |
1841-8678 1844-0029 |
| publishDate |
2020-12-01 |
| description |
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 far less than the 90% turning point proposed by Reinhart and Rogoff. Therefore, the
Reinhart-Rogoff hypothesis does not apply to Bulgaria. |
| topic |
fiscal policy government debt ratio reinhart-rogoff hypothesis debt threshold |
| url |
http://store.ectap.ro/articole/1502.pdf
|
| work_keys_str_mv |
AT yuhsing ontherelationshipbetweeneconomicgrowthandgovernmentdebtforbulgariatestofthereinhartrogoffhypothesis |
| _version_ |
1724346580366000128 |