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• W2338632541 abstract "In this paper, we investigated whether the government debt caused a burden for India over the period 1970-2013. We achieved this goal using Bohn's (1998) hypothesis in a structural VAR framework. This study did not find evidence to support Bohn's hypothesis in the context of India because no statistically significant relationship between public debt and gross primary deficit was found. Second, this study observed a positive response of interest payments due to the shock of public debt, which is not surprising. Third, a positive shock of public debt was statistically significant and negatively affected developmental expenditure. Similarly, interest payments negatively affected the gross primary deficit. We concluded that public debt in India was not a burden for the country." @default.
• W2338632541 created "2016-06-24" @default.
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• W2338632541 date "2016-03-12" @default.
• W2338632541 modified "2023-09-23" @default.
• W2338632541 title "Is Public Debt a Burden for India?" @default.
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• W2338632541 doi "https://doi.org/10.1111/1759-3441.12132" @default.
• W2338632541 hasPublicationYear "2016" @default.
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