{"id":"https://openalex.org/W277278161","doi":null,"title":"Growth Beyond the Debt Thresholds","display_name":"Growth Beyond the Debt Thresholds","publication_year":2013,"publication_date":"2013-01-01","ids":{"openalex":"https://openalex.org/W277278161","mag":"277278161"},"language":"en","primary_location":{"id":"pmh:oai:tigerprints.clemson.edu:all_dissertations-2124","doi":null,"is_oa":true,"landing_page_url":"https://tigerprints.clemson.edu/all_dissertations/1124","pdf_url":"https://tigerprints.clemson.edu/all_dissertations/1124","source":{"id":"https://openalex.org/S4377196397","display_name":"TigerPrints (Clemson University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I8078737","host_organization_name":"Clemson University","host_organization_lineage":["https://openalex.org/I8078737"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"All Dissertations","raw_type":"text"},"volume":null,"type":"dissertation","is_traditional":true,"indexed_in":[],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://tigerprints.clemson.edu/all_dissertations/1124","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5078135658","display_name":"Sine Kontbay-Busun","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":true,"raw_author_name":"Sine Kontbay","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":["https://openalex.org/A5078135658"],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":true,"cited_by_count":1,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11621","display_name":"Fiscal Policies and Political Economy","score":0.9911999702453613,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11621","display_name":"Fiscal Policies and Political Economy","score":0.9911999702453613,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11770","display_name":"Fiscal Policy and Economic Growth","score":0.003700000001117587,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.00139999995008111,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/public-debt","display_name":"public debt","score":0.9200000166893005},{"id":"https://openalex.org/keywords/external-debt","display_name":"external debt","score":0.972000002861023},{"id":"https://openalex.org/keywords/debt-threshold","display_name":"debt threshold","score":0.800000011920929},{"id":"https://openalex.org/keywords/debt-overhang","display_name":"debt overhang","score":0.8059999942779541},{"id":"https://openalex.org/keywords/economic-growth","display_name":"economic growth","score":0.9829999804496765},{"id":"https://openalex.org/keywords/capital-accumulation","display_name":"capital accumulation","score":0.6669999957084656},{"id":"https://openalex.org/keywords/total-factor-productivity","display_name":"total factor productivity","score":0.8980000019073486},{"id":"https://openalex.org/keywords/developed-and-developing-countries","display_name":"developed and developing countries","score":0.734000027179718},{"id":"https://openalex.org/keywords/oecd-countries","display_name":"OECD countries","score":0.6190000176429749}],"concepts":[{"id":"https://openalex.org/C2777482880","wikidata":"https://www.wikidata.org/wiki/Q5248608","display_name":"Debt overhang","level":4,"score":0.7228631973266602},{"id":"https://openalex.org/C120527767","wikidata":"https://www.wikidata.org/wiki/Q3196867","display_name":"Debt","level":2,"score":0.6932026743888855},{"id":"https://openalex.org/C106210156","wikidata":"https://www.wikidata.org/wiki/Q1559695","display_name":"Debt-to-GDP ratio","level":4,"score":0.6886336803436279},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6883264780044556},{"id":"https://openalex.org/C44171179","wikidata":"https://www.wikidata.org/wiki/Q461319","display_name":"External debt","level":3,"score":0.6636010408401489},{"id":"https://openalex.org/C22270272","wikidata":"https://www.wikidata.org/wiki/Q5248601","display_name":"Debt levels and flows","level":4,"score":0.6155284643173218},{"id":"https://openalex.org/C202189257","wikidata":"https://www.wikidata.org/wiki/Q2915683","display_name":"Internal debt","level":3,"score":0.5644225478172302},{"id":"https://openalex.org/C135665773","wikidata":"https://www.wikidata.org/wiki/Q2234049","display_name":"Debt ratio","level":3,"score":0.5284692645072937},{"id":"https://openalex.org/C148609458","wikidata":"https://www.wikidata.org/wiki/Q7021281","display_name":"Nexus (standard)","level":2,"score":0.4904308021068573},{"id":"https://openalex.org/C6422946","wikidata":"https://www.wikidata.org/wiki/Q857354","display_name":"Panel data","level":2,"score":0.4897613525390625},{"id":"https://openalex.org/C109038407","wikidata":"https://www.wikidata.org/wiki/Q4237223","display_name":"Debt service ratio","level":5,"score":0.48771533370018005},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.46520572900772095},{"id":"https://openalex.org/C4249254","wikidata":"https://www.wikidata.org/wiki/Q3044431","display_name":"Demographic economics","level":1,"score":0.3223109841346741},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.2676180601119995},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.23631134629249573},{"id":"https://openalex.org/C149635348","wikidata":"https://www.wikidata.org/wiki/Q193040","display_name":"Embedded system","level":1,"score":0.0},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"pmh:oai:tigerprints.clemson.edu:all_dissertations-2124","doi":null,"is_oa":true,"landing_page_url":"https://tigerprints.clemson.edu/all_dissertations/1124","pdf_url":"https://tigerprints.clemson.edu/all_dissertations/1124","source":{"id":"https://openalex.org/S4377196397","display_name":"TigerPrints (Clemson University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I8078737","host_organization_name":"Clemson University","host_organization_lineage":["https://openalex.org/I8078737"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"All Dissertations","raw_type":"text"},{"id":"pmh:oai:open.clemson.edu:all_dissertations-2124","doi":null,"is_oa":false,"landing_page_url":"https://open.clemson.edu/all_dissertations/1124","pdf_url":null,"source":{"id":"https://openalex.org/S4377196397","display_name":"TigerPrints (Clemson University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I8078737","host_organization_name":"Clemson University","host_organization_lineage":["https://openalex.org/I8078737"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"All Dissertations","raw_type":"text"},{"id":"mag:277278161","doi":null,"is_oa":false,"landing_page_url":"https://tigerprints.clemson.edu/all_dissertations/1124/","pdf_url":null,"source":null,"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":null}],"best_oa_location":{"id":"pmh:oai:tigerprints.clemson.edu:all_dissertations-2124","doi":null,"is_oa":true,"landing_page_url":"https://tigerprints.clemson.edu/all_dissertations/1124","pdf_url":"https://tigerprints.clemson.edu/all_dissertations/1124","source":{"id":"https://openalex.org/S4377196397","display_name":"TigerPrints (Clemson University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I8078737","host_organization_name":"Clemson University","host_organization_lineage":["https://openalex.org/I8078737"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"All Dissertations","raw_type":"text"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W277278161.pdf","grobid_xml":"https://content.openalex.org/works/W277278161.grobid-xml"},"referenced_works_count":41,"referenced_works":["https://openalex.org/W26665565","https://openalex.org/W84303650","https://openalex.org/W1483076664","https://openalex.org/W1501207840","https://openalex.org/W1585349761","https://openalex.org/W1913804012","https://openalex.org/W1975596588","https://openalex.org/W1975603656","https://openalex.org/W1978345121","https://openalex.org/W1984369066","https://openalex.org/W1990281298","https://openalex.org/W1998018384","https://openalex.org/W2008908499","https://openalex.org/W2021938213","https://openalex.org/W2023892934","https://openalex.org/W2035554302","https://openalex.org/W2081908573","https://openalex.org/W2088229303","https://openalex.org/W2096734231","https://openalex.org/W2104615763","https://openalex.org/W2112008714","https://openalex.org/W2112559425","https://openalex.org/W2115807976","https://openalex.org/W2116025122","https://openalex.org/W2127882594","https://openalex.org/W2136072582","https://openalex.org/W2153239978","https://openalex.org/W2157028860","https://openalex.org/W2243162768","https://openalex.org/W2263384497","https://openalex.org/W2955878450","https://openalex.org/W3023428695","https://openalex.org/W3025529092","https://openalex.org/W3121367694","https://openalex.org/W3122370218","https://openalex.org/W3122705141","https://openalex.org/W3124949184","https://openalex.org/W3125752698","https://openalex.org/W3141574011","https://openalex.org/W4238846015","https://openalex.org/W7008925559"],"related_works":["https://openalex.org/W2808093376","https://openalex.org/W4413287175","https://openalex.org/W3124972906","https://openalex.org/W4392923484","https://openalex.org/W1498272517","https://openalex.org/W4302157183","https://openalex.org/W7111533951","https://openalex.org/W4398145834","https://openalex.org/W7061410341","https://openalex.org/W7223320808"],"abstract_inverted_index":{"This":[0],"empirical":[1],"study":[2,123],"has":[3],"two":[4],"objectives":[5],"both":[6,309],"of":[7,15,27,54,61,69,139,197,280,284],"which":[8,36,143],"are":[9,264],"directly":[10],"related":[11],"to":[12,23,45,73,97,104,122,171,324],"nonlinear":[13],"effects":[14,50,127,180],"debt":[16,48,107,125,141,178,199,216,286,304,318,333],"on":[17,51,181,235],"growth:":[18],"The":[19,41,84,109,137,167],"main":[20],"objective":[21,43],"is":[22,39,44,71,95,150,169,219,242,290,296,321],"assess":[24],"the":[25,47,52,67,75,101,106,115,124,133,144,174,192,214,240,278,288,306,314,325],"levels":[26,77,334],"public":[28,79,140,189,198,215,310],"debt-to-GDP":[29,33,190],"and":[30,63,80,162,176,255,311,319],"total":[31,81],"external":[32,82,238,285,303,312],"ratios":[34],"above":[35,142,287],"economic":[37],"growth":[38,145,201,228,275,320],"impaired.":[40],"second":[42],"examine":[46],"overhang":[49,179,217],"sources":[53],"growth.":[55,182,236,338],"A":[56],"large":[57],"panel":[58,86],"data":[59,116],"set":[60],"developed":[62,89],"developing":[64],"countries":[65,161,267],"over":[66],"period":[68],"1970-2009":[70],"employed":[72],"estimate":[74,105],"threshold":[76,87,112,126,241,289],"for":[78,100,152,158,164,245,251,257,331],"debt.":[83],"dynamic":[85],"method":[88,110],"by":[90,204],"Kremer":[91],"et.":[92],"al":[93],"(2010)":[94],"applied":[96],"debt-growth":[98],"nexus":[99],"first":[102],"time":[103],"thresholds.":[108],"estimates":[111],"values":[113,121],"from":[114],"rather":[117,230,335],"than":[118,231,336],"imposing":[119],"arbitrary":[120],"as":[128,299],"had":[129],"been":[130],"done":[131],"in":[132,226,273,327],"literature":[134],"until":[135],"now.":[136],"level":[138],"starts":[146],"being":[147],"a":[148,222,232,270],"burden":[149],"69%":[151],"high":[153,184,246,332],"income":[154,160,185,211,247,253,259],"OECD":[155,186,248],"countries,":[156,187,212,249,254],"47%":[157],"middle":[159,210,252],"30%":[163],"low":[165,258],"income.":[166],"model":[168],"modified":[170],"distinguish":[172],"between":[173,317],"marginal":[175,233],"average":[177,227],"For":[183,237,308],"once":[188],"exceeds":[191],"threshold,":[193],"each":[194,281],"additional":[195,282],"unit":[196,283],"lowers":[200],"rate":[202,229],"significanlty":[203],"about":[205],"0.1":[206],"percentage":[207],"point.":[208],"In":[209],"however,":[213],"effect":[218],"observed":[220],"through":[221],"significant":[223],"slow":[224],"down":[225],"impact":[234,279],"debt,":[239,313],"around":[243],"80%":[244],"50%":[250],"70%":[256],"group.":[260],"Once":[261],"these":[262],"thresholds":[263],"exceeded,":[265],"all":[266],"face":[268],"with":[269],"considerable":[271],"decrease":[272,326],"their":[274],"rates":[276],"but":[277],"not":[291,297],"significant.":[292],"Therefore,":[293],"countries'":[294],"trend-growth":[295],"effected":[298],"they":[300],"accumulate":[301],"more":[302],"beyond":[305],"threshold.":[307],"negative":[315],"realtionship":[316],"mostly":[322],"due":[323],"capital":[328],"stock":[329],"accumulation":[330],"TFP":[337]},"counts_by_year":[{"year":2025,"cited_by_count":1}],"updated_date":"2026-11-04T10:54:05.112534","created_date":"2016-06-24T00:00:00"}