The Impact of Household Debt on Economic Growth via Consumption: Evidence from South Korea and China
Journal of Asian and African Studies
Published online on May 02, 2026
Abstract
Journal of Asian and African Studies, Ahead of Print.
Household debt acts as a double-edged sword, exerting heterogeneous effects on economic growth. Using quarterly data for South Korea (2007–2024) and China (2007–2023), this study examines short- and long-run impacts through ordinary least squares (OLS), ...
Household debt acts as a double-edged sword, exerting heterogeneous effects on economic growth. Using quarterly data for South Korea (2007–2024) and China (2007–2023), this study examines short- and long-run impacts through ordinary least squares (OLS), ...