TY  - JOUR
T1  - Public Debt and Prosperity Nexus in Asian Countries: Nonlinearity and Threshold Analysis
A1  - Nguyen Thanh Huyen
A1  - Phan Huu Nghi
A1  - Đang Thi Lan Phuong
A1  - Tran Thi Thu Trang
A1  - Le Thanh Huyen
JF  - Journal of Organizational Behavior Research
JO  - J Organ Behav Res
SN  - 2528-9705
Y1  - 2023
VL  - 8
IS  - 1
DO  - 10.51847/tw5g65dco8
SP  - 74
EP  - 91
N2  - The purpose of this research is to examine the relationship between public debt and the prosperity of Asian countries over the period between 2009 and 2019. By performing a panel threshold technique and using the data from 37 countries in the Asian area, this study provides new evidence on the threshold value of the ratio of public debt to prosperity. Our results show that public debt may promote economic growth. We further find that debt has a negative and statistically significant impact on prosperity at a low level of public debt but is insignificant at a high level of public debt. Therefore, our study suggests that policymakers in Asian countries must consider the level of public debt to avoid negative impacts on the prosperity of countries. In addition, the most crucial issue that governments need to pay attention to is the effective use of public debt, especially those with high public debt to GDP ratio.
UR  - https://odad.org/article/public-debt-and-prosperity-nexus-in-asian-countries-nonlinearity-and-threshold-analysis-x0b23vt99ihosfb
ER  -