Does High Public Debt Consistently Stifle Economic Growth? A Critique of Reinhart and Rogoff (CambJE 2014)

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Contents

Article

Authors Title Journal Year Edition Pages JEL Codes Keywords
Thomas Herndon, Michael Ash, Robert Pollin Does High Public Debt Consistently Stifle Economic Growth? A Critique of Reinhart and Rogoff CambJE 2014 2 257-79 E60, E62, E65 Public debt, Austerity

Article information

Program code Data Readme Method(s) & estimation Data type Data used Origin of data used Software used (Version)
0 - not available online - 0 - not available online non-parametric estimation Macro, Panel Reinhart and Rogoff provide public access to country historical data for public debt and GDP growth in spreadsheets at http://www.reinhartandrogoff.com/data/ but not the exact one used for the published study replicated here 20 advanced economies over 1946 - 2009, the same 20 economies over roughly 200 years and 20 emerging market economies 1970 - 2009. -

This article is a replication of

Authors Title Journal Year Edition Pages JEL Codes Keywords Replication type Replication result [refer to replication type 1 and 2] Raw data Call into question Authors statement
Carmen Reinhart, Kenneth Rogoff Growth in a Time of Debt AER 2010 1 573 - 578 E23, E31, H63, O11, O47 - 2 - wide sense (new data) 1 - successful 3 - final dataset can be exactly replicated from raw data 2 - partly 1 - rejected results

References

DOI: 10.1093/cje/bet075 IDEAS: a/oup/cambje/v38y2014i2p257-279..html EconPapers: RePEc:oup:cambje:v:38:y:2014:i:2:p:257-279.


Erratum: Errata: “Growth in A Time of Debt”, Carmen M. Reinhart and Kenneth S. Rogoff, May 5, 2013

Reply in popular press: Debt, Growth and the Austerity Debate and Reinhart and Rogoff: Responding to Our Critics, both by Carmen M. Reinhart and Kenneth S. Rogoff, The New York Times, April 25, 2013

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