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Public Debt in America

Xinyan Luo


This Article finds that U.S. public debt ratio has a positive impact on GDP growth at a decreasing rate. Moreover, Moreover, debt ratio is influenced by other variables: military spending, bank nonperforming loans, and government expenditure on education.


Debt Ratio; GDP Growth; America

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DOI: http://dx.doi.org/10.18686/fm.v8i4.4482