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A critical assessment of the debt-to-GDP ratio in developing countries

Rahaman, A. and Mahadeo, S. ORCID: https://orcid.org/0000-0001-8576-5755 (2024) A critical assessment of the debt-to-GDP ratio in developing countries. Journal of Economic Issues. ISSN 1946-326X (In Press)

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Abstract/Summary

Single metrics of public debt – such as the debt-to-GDP ratio – is the most common measure of government debt used in economic analysis due to its simplicity and availability. However, it provides an incomplete profile of a nation’s debt position, which is largely determined by country-specific factors. As such, we undertake a comprehensive and critical assessment of debt-to-GDP as the sole measure of government debt. We also recommend the use of alternative indicators and the consolidation of a composite debt index derived from globally recognized indicators of government indebtedness.

Item Type:Article
Refereed:Yes
Divisions:Arts, Humanities and Social Science > School of Politics, Economics and International Relations > Economics
ID Code:124469
Publisher:Routledge

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