Matehmatics : 2023 - Public Debt, Governance, and Growth in Developing Countries: An Application of Quantile via Moments

Abdol Ghapar, Farha (2023) Matehmatics : 2023 - Public Debt, Governance, and Growth in Developing Countries: An Application of Quantile via Moments. Matehmatics, 11 (650). pp. 1-13. ISSN 2227-7390

Text 7. Public Debt, Governance, and Growth in Developing Countries_ An Application of Quantile via Moments.pdf Download (1MB)

Abstract

Developing countries often encounter budget deficits by taking loans from internal and external sources. The effectiveness of public debt has been a long debate in the seminal and empirical literature. In this study, we investigate the effectiveness of public debt on economic growth, incorpo- rating the role of governance in 44 developing countries. In doing so, we applied the Quantile Via Moments approach to analyze heterogeneous panel data ranging 1990–2000 considering the scale and location properties under different economic circumstances. Our results show that public debt impedes economic growth in all quantiles. Our empirical finding corroborates our proposition that in the presence of good governance, public debt promotes economic growth in the medium to higher quantiles. The empirical findings of this study confirm that governance is far more important in promoting economic growth.

Item Type:	Article
Uncontrolled Keywords:	Matehmatics,public debt; economic growth; governance; quantile via moment; developing countries
Divisions:	Institute of Graduate Studies (IGS)
Depositing User:	Mrs Shariffah Shuhaiza Syed Mohd Nor
Date Deposited:	17 Apr 2025 02:12
Last Modified:	17 Apr 2025 02:12
URI:	http://eprints.kuptm.edu.my/id/eprint/4074

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