On the dynamics of sovereign debt in China: Sustainability and structural change
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Títol
On the dynamics of sovereign debt in China: Sustainability and structural changeData de publicació
2018-01Editor
ElsevierISSN
0264-9993; 1873-6122Cita bibliogràfica
Cuestas, Juan Carlos and Regis, Paulo José (2018) On the dynamics of sovereign debt in China: sustainability and structural change. Economic Modelling, 68, 356-359. doi:10.1016/j.econmod.2017.08.003Tipus de document
info:eu-repo/semantics/articleVersió de l'editorial
https://www.sciencedirect.com/science/article/pii/S0264999317306843Versió
info:eu-repo/semantics/acceptedVersionParaules clau / Matèries
Resum
The dynamics of public debt are an important determinant of the macroeconomic environment of an economy and of the investment climate in the private sector. There have been concerns recently about the sustainability ... [+]
The dynamics of public debt are an important determinant of the macroeconomic environment of an economy and of the investment climate in the private sector. There have been concerns recently about the sustainability of debt in China, given the surge in the fiscal deficit in the last few years that has aided economic activity. This paper aims to shine some light on the dynamics of public debt in the Chinese economy given the risk of a debt crisis, taking nonlinearities and structural breaks into account. Our results show that caution needs to be exercised as there was a clear trend in 2014 towards an unsustainable path in the debt-to-GDP ratio. [-]
Publicat a
Economic Modelling, 2018, vol. 68Entitat finançadora
Ministerio de Economía y Competitividad (España) | Generalitat Valenciana
Identificador de l'entitat finançadora
http://dx.doi.org/10.13039/501100003329
Codi del projecte o subvenció
MINECO/ICTI2013-2016/ECO2014-58991-C3-2-R | AICO/2016/038
Títol del projecte o subvenció
Desequilibrios macroenómicos, crecimiento y gobernanza en la Eurozona
Drets d'accés
Copyright © Elsevier B.V. All rights reserved.
info:eu-repo/semantics/openAccess
info:eu-repo/semantics/openAccess
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