Dług publiczny a wzrost gospodarczy krajów
Public Debt and Countries’ Economic Growth

Summary/Abstract: Public debt is one of the most powerful instruments of economic policy. Like a power tool, it can be used to efficiently achieve one’s goals, but it can also cause severe injury. So, it is necessary to find the root of the relation between public debt and economic growth. From the theoretical point of view there are discussed classical economic schools’ views on the public debt and economic growth, their mechanisms, channels of an influence and effects. Essential question in interest is, whether public debt stimulates or is harmful for long-term growth? Theoretically justified associations between public growth and long-term economic growth survey as well as their final effects analysis is the aim of the paper.

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