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Clemens, B.J., Rina, B. and Toan Quoc, N. (2003) External Debt, Public Investment and Growth in Low-Incomes Countries. IMF Working Paper WP/03/249.

has been cited by the following article:

• TITLE: Public Debt and Economic Growth: A Scissor Effect in Developing Countries? The Case of Gabon

  AUTHORS: Médard Mengue Bidzo

  KEYWORDS: Public Debt, Economic Growth, Gabon, GMM

  JOURNAL NAME: Modern Economy, Vol.9 No.10, October 26, 2018

  ABSTRACT: The multiple attempts at empirical evidence, yet recent, fail to truly dispel the theoretical vagueness of the effects of public debt on economic growth. The aim of this work is to demonstrate that public overindebtedness negatively impacts economic activity in developing countries. From estimation by the generalized moments’ method in the system of the relationship between economic growth and outstanding public debt on data of the Gabonese economy, we get that an increase in the public debt in this country, causes a deceleration of economic activity, thus reflecting a scissor effect between public debt trend and that of economic growth.