Kumaran, Vikniswari Vija and Rajamoorthy, Yogambigai (2024) Impact of Productivity, Corruption, And Growth On Debt: Evidence from Panel Data Analysis. International Journal of Management Studies (IJMS), 31 (1). pp. 89-112. ISSN 2180-2467

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Abstract

In a number of nations, the economic uncertainty that began several years ago has manifested its negative effects, and the COVID-19 crisis has exacerbated the situation. Many nations struggle to finance their social and economic public healthcare due to limited resources and fiscal space. In order to save their economies, this has pushed them towards high levels of debt. This study’s objective is to examine the effect of government debt on productivity, GDP growth, tax revenue, and corruption. Panel data analysis was used to identify the significant factors that affect government debt in 16 Western European countries based on their severe subprime crisis in 2008 and sovereign debt in 2009, which fall between the timeframes of this study. The findings revealed that government debt impacts productivity, GDP growth, and corruption. As a result, effective productivity control is critical when dealing with government debt. Efforts to develop world-class human capital, equipped with sophisticated skills or talent management, in order to increase a sector’s income and competitiveness should be aligned with efficient and effective public spending. Public projects must be thoroughly evaluated and monitored in terms of feasibility, economic and social returns. As a consequence, this study suggests that a profound and comprehensive reformation across various sectors in the country is required, particularly through productivity, growth, and corruption, in order to control a country’s debt.

Item Type:	Article
Uncontrolled Keywords:	government debt, productivity, economic growth, corruption, West European countries
Subjects:	H Social Sciences > HG Finance
Divisions:	School of Business Management
Depositing User:	Mrs Nurin Jazlina Hamid
Date Deposited:	05 Feb 2024 08:51
Last Modified:	05 Feb 2024 08:51
URI:	https://repo.uum.edu.my/id/eprint/30375

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