Title: The public debt as handicap to economic growth

Authors: Natália Teixeira; Rita Luz; Rui Vinhas da Silva; Leandro Pereira; Sérgio Vinhas da Silva

Addresses: ISG - Business and Economics School, Av. Mal. Craveiro Lopes 2A, 1700-284 Lisboa, Portugal ' ISG - Business and Economics School, Av. Mal. Craveiro Lopes 2A, 1700-284 Lisboa, Portugal ' Business Research Unit - BRU-IUL, ISCTE - Instituto Universitário de Lisboa, Av das Forças Armadas, 1649-026 Lisboa, Portugal ' Business Research Unit - BRU-IUL, ISCTE - Instituto Universitário de Lisboa, Av das Forças Armadas, 1649-026 Lisboa, Portugal ' Universidade Europeia - IADE, UNIDCOM/IADE - Unidade de Investigação em Design e Comunicação, Av. D. Carlos I, 4, 1200-649 Lisboa, Portugal

Abstract: The impact that public debt has on economic growth is increasingly a topic of interest and it has been since the most recent economic and financial crisis of 2008 that it has come to occupy a prominent place in the literature. In this context, it becomes extremely important to understand the impact that the increase in public debt has on the growth of economies. Thus, the purpose of this research paper is to assess the effect that debt may have on the economic growth of countries. We analyse the relation in three countries: Estonia, Greece and Portugal. Our findings suggest that the public debt of these countries do not directly affect the growth.

Keywords: public debt; economic growth; correlation; Estonia; Greece; Portugal.

DOI: 10.1504/IJPLAP.2024.137772

International Journal of Public Law and Policy, 2024 Vol.10 No.2, pp.105 - 115

Received: 18 Sep 2022
Accepted: 13 Oct 2022
Published online: 05 Apr 2024 *

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