The Evolution Of The Romanian Public Debt During The Last 10 Years
AbstractThe purpose of this paper is to analyze the correlation between the evolution of the Romanian public debt and several variables which, in our opinion, might influence it, such as: the GDP, the volume of the public revenues and expenditures, the budgetary deficit as a ratio of GDP and as an absolute value, the public debt service, the Leu-Euro exchange rate and the implicit interest rate for public debt. In the econometric test of the relation between the public debt and the fore mentioned variables we used the multiple regression method. The results obtained from testing the model have shown that the public debt is greatly influenced by the public debt service, the exchange rate and the interest rate for public loans. In the same time, the model allows forecasts regarding the evolution of the public debt according to evolution of the significant variables.
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Bibliographic InfoArticle provided by University of Craiova, Faculty of Economics and Business Administration in its journal Annals of Computational Economics.
Volume (Year): 4 (2011)
Issue (Month): 39 (May)
public debt; economic growth; public deficit; sustainability of the public finance; regression;
Find related papers by JEL classification:
- H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus
- H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
- O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
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