Public Debt and Economic Growth: Case of South American Nations

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Chittawan Chanagul


This paper aimed to study the relationship between public debt and economic growth in South American nations. To achieve the objective, a panel analysis was adopted. The results drawn from this study suggested that mean years of schooling as well as trade openness and investment have a positive impact on growth rates, whereas public debt is negatively related to economic growth. Not surprisingly, the corruption perception index has a positive relationship with growth. In other words, when a nation has a low prevalence of corruption, economic growth increases.

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Chanagul, C. (2023). Public Debt and Economic Growth: Case of South American Nations. Journal of Multidisciplinary in Humanities and Social Sciences, 6(4), 2042–2056. Retrieved from
Research Articles
Author Biography

Chittawan Chanagul, Faculty of Economics, Kasetsart University, Thailand




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