Sustainability of Public Debt and Economic Growth in Cote d’Ivoire:is There a Threshold Effect?

作     者：Koffi Pokou 

作者机构：Dept of EconomicsUniversity Felix Houphouet BoignyAbidjanCote d’Ivoire 

出 版 物：《Journal of Economic Science Research》 (经济科学研究（英文）)

年 卷 期：2020年第3卷第3期

页      面：1-12页

学科分类：02[经济学] 0201[经济学-理论经济学] 020105[经济学-世界经济] 

主　　题：Public debt and growth sustainability Threshold Autoregressive(TAR) Granger causality Threshold effects 

摘      要：The development of Ivorian public debt in recent years has raised *** its current level capable of boosting the economy or,on the contrary,being at the source of a recession?This paper analyzes the effect of the level of indebtedness on economic growth in Côte d’Ivoire using the Threshold Autoregressive(TAR)model over the period *** results obtained in the short run shed light on the no relationship between public debt and economic *** the long run,on the other hand,there is a bi-directional granger causality between public debt and the sustainability of economic *** non-linearity between the variables of interest has been studied and the results show the presence of a threshold effect:beyond 48.03 percent of GDP,any increase in public debt by 1%should reduce economic growth by 0.28%.Thus,the study questions the relevance of the criterion set by the WAEMU:public debt70%of GDP.