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The impact of public debt on economic growth: Evidence from advanced economies and the European Union

Péter Tóth et al.

Journal of International Studies2025https://doi.org/10.14254/2071-8330.2025/18-3/9article
AJG 1
Weight
0.41

What the paper says

This paper investigates the relationship between public debt and economic growth in selected advanced economies and European Union member states over the period 2000–2022. Using a linear panel regression model, the study analyzes the impact of public debt on GDP growth, while accounting for additional macroeconomic factors such as inflation, unemployment, and gross fixed capital formation. The findings reveal a negative linear relationship between public debt and economic growth, with the effect being more pronounced in EU countries due to their economic integration. While public debt is shown to hinder long-term growth, the analysis acknowledges the possibility of short-term positive effects under specific conditions. These results underscore the importance of tailored fiscal policies and sustainable debt management strategies for fostering economic stability.

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https://doi.org/https://doi.org/10.14254/2071-8330.2025/18-3/9

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@article{péter2025,
  title        = {{The impact of public debt on economic growth: Evidence from advanced economies and the European Union}},
  author       = {Péter Tóth et al.},
  journal      = {Journal of International Studies},
  year         = {2025},
  doi          = {https://doi.org/https://doi.org/10.14254/2071-8330.2025/18-3/9},
}

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The impact of public debt on economic growth: Evidence from advanced economies and the European Union

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Evidence weight

0.41

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.25 × 0.4 = 0.10
M · momentum0.55 × 0.15 = 0.08
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.