000			01775pab a2200193 454500
008			180718b2015 xxu||||| |||| 00| 0 eng d
100			_aMegersa, Kelbesa
245			_aPublic debt, economic growth, and public sector management in developing countries: is there a link?
260			_c2015
300			_ap.329-346.
362			_aDec
520			_aThe article investigates whether differences in public sector management quality affect the link between public debt and economic growth in developing countries. For this purpose, we primarily use the World Bank's institutional indices of public sector management (PSM). Using PSM thresholds, we split our panel into country clusters and make comparisons. Our linear baseline regressions reveal a significant negative relationship between public debt and growth. The various robustness exercises that we perform also confirm these results. When we dissect our data set into weak and strong county clusters using public sector management scores, however, we find different results. While public debt still displayed a negative relationship with growth in countries with weak public sector management quality, it generally displayed a positive relationship in the latter group. The tests for non-linearity shows evidence of an inverse-U-shape relationship between public debt and economic growth. However, we fail to see a similar significant relationship on country clusters that account for PSM quality. Yet, countries with well-managed public sectors demonstrate a higher public debt sustainability threshold. - Reproduced.
650			_aPublic administration
650			_aEconomic growth
650			_aPublic debt
700			_aCassimon, Danny
773			_aPublic Administration and Development
909			_a110318
999			_c110313 _d110313