Public Debt Sustainability and Economic Growth Trade-Offs in Emerging Economies
Keywords:
Public debt, economic growth, fiscal sustainabilityAbstract
Rising public debt levels have intensified concerns about fiscal sustainability and long-term economic growth in emerging economies. While public borrowing can support growth through infrastructure investment and countercyclical policy, excessive debt may crowd out private investment and increase macroeconomic vulnerability. This study empirically examines the relationship between public debt and economic growth in emerging economies using panel data from 2016 to 2022. The findings reveal a non-linear relationship in which moderate debt levels support growth, while high debt ratios are associated with slower economic performance. The study provides evidence-based insights for designing balanced fiscal strategies in emerging markets
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