Naslov
An Empirical Analysis of the Public Debt Relevance to the Economic Growth of the USA

Autori
Kurečić, Petar ; Milković, Marin ; Kokotović, Filip

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
29th International Scientific Conference on Economic and Social Development Proceedings / Przygoda, Miroslaw ; Lovrencic Butkovic, Lana ; Szymanska, Elzbieta - Varaždin : Varazdin Development and Entrepreneurship Agency, Varazdin, Croatia ; Faculty of Law, Economics and Social Sciences Sale - Mohammed V University in Rabat, Morocco ; Faculty of Management University of Warsaw, Warsaw, Poland ; University North, Koprivnica, Croatia, 2018, 171-179

Skup
29th International Scientific Conference on Economic and Social Development

Mjesto i datum
Rabat, Maroko, 10.05.2018. - 11.05.2018

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
public debt ; ARDL analysis ; economic growth ; the USA ; Engle-Granger cointegration tests

Sažetak
The aim of this paper is to assess, through empirical analysis, the historical significance of the public debt to the economic growth of the USA. In order to understand the relationship we examine the historical data from 1850 – 2010, as well as the quarterly data from the period 1966 – 2016. We used Johansen and Engle-Granger Co- integration tests, as well as Granger causality tests and Autoregressive Distributed Lag (ARDL) analysis. The empirical evidence of a statistically significant negative long-term relationship between public debt and GDP was not found. It is concluded that there is a uni- variate relationship GDP towards the public debt, which is caused by the constant rise in public debt.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija, Politologija

POVEZANOST RADA