Public debt and economic growth in Latin America: A recap


  • Alejandro D. Jacobo Universidad Nacional de Córdoba, Facultad de Ciencias Económicas, Instituto de Economía y Finanzas (Córdoba, Argentina). Centro de Investigaciones en Ciencias Económicas (CIECS-CONICET) (Córdoba, Argentina)
  • Ileana R. Jalile Universidad Nacional de Córdoba, Facultad de Ciencias Económicas, Instituto de Economía y Finanzas (Córdoba, Argentina)

Palabras clave:

Debt, Growth


In this paper, we examine the effect of public debt on Gross Domestic Product (GDP) in 15 Latin American economies for fifty years. The short-run impact of debt on GDP growth is positive, but it is closer to zero beyond public debt-to-GDP ratios between 64 and 71% (i.e. up to this threshold, additional debt has a stimulating impact on growth). In the long-run, the threshold is between 95% and 97%.


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Jacobo, A. D., & Jalile, I. R. . (2021). Public debt and economic growth in Latin America: A recap. Documentos De Trabajo De Investigación De La Facultad De Ciencias Económicas (DTI-FCE), (3), 1–16. Recuperado a partir de