On the dynamics of sovereign debt in China: Sustainability and structural change
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Título
On the dynamics of sovereign debt in China: Sustainability and structural changeFecha de publicación
2018-01Editor
ElsevierISSN
0264-9993; 1873-6122Cita bibliográfica
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.2017.08.003Tipo de documento
info:eu-repo/semantics/articleVersión de la editorial
https://www.sciencedirect.com/science/article/pii/S0264999317306843Versión
info:eu-repo/semantics/acceptedVersionPalabras clave / Materias
Resumen
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. [-]
Publicado en
Economic Modelling, 2018, vol. 68Entidad financiadora
Ministerio de Economía y Competitividad (España) | Generalitat Valenciana
Identificador de la entidad financiadora
http://dx.doi.org/10.13039/501100003329
Código del proyecto o subvención
MINECO/ICTI2013-2016/ECO2014-58991-C3-2-R | AICO/2016/038
Título del proyecto o subvención
Desequilibrios macroenómicos, crecimiento y gobernanza en la Eurozona
Derechos de acceso
Copyright © Elsevier B.V. All rights reserved.
info:eu-repo/semantics/openAccess
info:eu-repo/semantics/openAccess
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