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Government Debt As A Contradictory Factor Of Economic Growth

Author

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  • Anna TELNOVA

    (Donbass State Engineering Academy/Ukraine)

Abstract

Article seeks to substantiate the hypothesis of contradictory impact of government debt on economic growth. The objectives and related research methods are: empirical analysis and abstract logical analysis of the impact of the level of government debt on economic growth; cluster analysis of European countries in terms of their economic growth, government debt and government expenditure on economic affairs. Substantiated positive impact on economic growth in the following cases: constant or increasing in proportion to the GDP growth of government debt volume subject to gain or maintain the level of government expenditure on economic affairs; government debt level of stability at constant GDP increase and advance the government expenditure on economic affairs.

Suggested Citation

  • Anna TELNOVA, 2016. "Government Debt As A Contradictory Factor Of Economic Growth," JOURNAL OF LIFE ECONOMICS, Holistence Publications, vol. 3(4), pages 49-58, October.
    • Handle: RePEc:jle:journl:v:3:y:2016:i:4:p:49-58
    DOI: 10.15637/jlecon.173
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