Public Debt and Economic Growth in Tunisia: An ARDL Analysis
References
- Aloulou, R., Kalai, M., & Helali, K. (2023). The symmetric and asymmetric impacts of external debt on economic growth in Tunisia: Evidence from linear and nonlinear ARDL models. SN Business & Economics, 3, Article 112. https://doi.org/10.1007/s43546-023-00482-9
- Barro, R. J. (1974). Are government bonds net wealth? Journal of Political Economy, 82(6), 1095-1117.
- Chirwa, T. G., & Odhiambo, N. M. (2020). Public debt and economic growth nexus in the euro area: A dynamic panel ARDL approach. Scientific Annals of Economics and Business, 67(3), 291-310. https://doi.org/10.47743/saeb-2020-0016
- Ibañez Martín, M. M., Rojas, M. L., & Dabús, C. (2024). Debt, economic growth and threshold effects: Evidence from developing countries. EconomiA, 25(1), 92-114.
- Keynes, J. M. (1936). The general theory of employment, interest and money. Macmillan.
- Krugman, P. (1988). Financing vs. forgiving a debt overhang. Journal of Development Economics, 29(3), 253-268.
- Kumar, M. S., & Woo, J. (2015). Public debt and growth. Economica, 82(328), 705-739. https://doi.org/10.1111/ecca.12138
- Law, S. H., Ng, C. H., Kutan, A. M., & Law, Z. K. (2021). Public debt and economic growth in developing countries: Nonlinearity and threshold analysis. Economic Modelling, 98, 26-40.
- Ministry of Finance of Tunisia. (2026). Public debt data and fiscal statistics. Retrieved June 1, 2026, from https://www.finances.gov.tn/
- Musa, K., Janssen, M., Said, J., Zakaria, N. B., & Erum, N. (2025). The impact of public debt and quality of governance on economic growth in high-income countries. Journal of the Knowledge Economy, 16, 2817-2843. https://doi.org/10.1007/s13132-024-02073-x
- Nabli, M. K. (2023). The tale of three public debt crises in Tunisia, Egypt, and the Ottoman Empire in the 1860s and 1870s. Middle East Development Journal, 15(2), 311-328. https://doi.org/10.1080/17938120.2023.2206754
- Panizza, U., & Presbitero, A. F. (2014). Public debt and economic growth: Is there a causal effect? Journal of Macroeconomics, 41, 21-41.
- Pattillo, C., Poirson, H., & Ricci, L. (2002). External debt and growth. IMF Working Paper No. 02/69.
- Pesaran, M. H., Shin, Y., & Smith, R. J. (2001). Bounds testing approaches to the analysis of level relationships. Journal of Applied Econometrics, 16(3), 289-326.
- Shah, S. S. A., Dickinson, D., Tao, K., et al. (2025). The heterogenous threshold effects of public debt on economic growth: Empirical evidence from developing countries. Open Economies Review, 36, 243-280. https://doi.org/10.1007/s11079-024-09756-7
- World Bank. (2026). World Development Indicators . Retrieved June 01, 2026, from https://databank.worldbank.org/source/world-development-indicators
Language: English
Page range: 1 - 9
Submitted on: May 1, 2026
Accepted on: Jun 1, 2026
Published on: Jun 30, 2026
Published by: University of Maribor
In partnership with: Paradigm Publishing Services
Keywords:
Related subjects:
© 2026 Sabrine Channoufi, published by University of Maribor
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.