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Comparative analysis of debt sustainability of EU countries and EU candidates: the Promethee-Gaia approach

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  • Danijela DURKALIĆ

    (University of Kragujevac, Serbia)

  • Mihailo ĆURČIĆ

    (Military Academy, Belgrade, Serbia)

Abstract

The aim of this research is to explore, on a well-founded theoretical basis, debt sustainability, through a panel of 34 countries divided into three groups according to the economic integration level, as well as to explore whether EU candidate countries have poorer fiscal indicators than EU members. By providing a comprehensive picture of public and external debt, the research subject is a comparative analysis showing the ranking of countries in the three observed groups: EU candidate countries, the European Monetary Union candidate countries, and the European Monetary Union member countries. Using the PROMETHEE methodology, research results will show that countries that are not members of the monetary union have better sustainability performance compared to the countries that are members of the monetary union.

Suggested Citation

  • Danijela DURKALIĆ & Mihailo ĆURČIĆ, 2019. "Comparative analysis of debt sustainability of EU countries and EU candidates: the Promethee-Gaia approach," Eastern Journal of European Studies, Centre for European Studies, Alexandru Ioan Cuza University, vol. 10, pages 67-92, June.
    • Handle: RePEc:jes:journl:y:2019:v:10:p:67-92
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    Cited by:

    1. Toma LANKAUSKIENE, 2019. "Productivity determinants and their contributions to productivity growth in the Baltic countries before and after their entry into the European Union: a comparative industrial perspective," Eastern Journal of European Studies, Centre for European Studies, Alexandru Ioan Cuza University, vol. 10, pages 63-88, December.

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