Revisiting The Theory Of Public Debt And Economic Growth

Safa Kharisma; Aminudin Ma'ruf

doi:10.26740/independent.v6i1.74286

Penulis

Safa Kharisma Universitas Negeri Surabaya
Aminudin Ma'ruf Universitas Negeri Surabaya

DOI:

https://doi.org/10.26740/independent.v6i1.74286

Kata Kunci:

Utang publik, Pertumbuhan ekonomi, Teori, Kebijakan fiskal, Tinjauan literatur sistematis

Abstrak

Utang publik merupakan salah satu instrumen kebijakan fiskal yang digunakan pemerintah untuk menutup defisit, membiayai pembangunan dan menstabilkan perekonomian. Namun, hubungan utang publik dan pertumbuhan ekonomi masih menjadi perdebatan dalam literatur ekonomi. Penelitian ini bertujuan untuk meninjau hubungan antara utang publik dan pertumbuhan ekonomi dengan menekankan pendekatan berbasis teori. Metode yang digunakan adalah systematic literature review (SLR) dari artikel jurnal internasional yang dipublikasikan. Kajian ini mengelompokkan temuan penelitian berdasarkan kerangka teori utama, yaitu teori neoklasik, keynesian, debt overhang, ricardian equivalence, dan pertumbuhan endogen. Hasil tinjauan menunjukkan bahwa pengaruh utang publik terhadap pertumbuhan ekonomi bersifat kontekstual dan dipengaruhi oleh kualitas institusi, struktur utang, kondisi ekonomi serta efektivitas belanja pemerintah. Secara umum, utang publik cenderung berdampak negatif terhadap pertumbuhan ketika telah melewati batas, namun dapat bersifat netral atau bahkan positif dalam kondisi tertentu. Artikel ini berkontribusi dengan menyajikan sintesis teoretis yang komprehensif, memberikan arah bagi penelitian empiris dan perumusan kebijakan fiskal ke depan.

Unduhan

Data unduhan belum tersedia.

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