IDEAS home Printed from https://ideas.repec.org/a/ovi/oviste/vxxiiiy2023i1p1071-1082.html
   My bibliography  Save this article

The Impact of Public Debt on Sustainable Development. The Romanian Case Study

Author

Listed:
  • Alin-Vasile Strachinaru

    („Alexandru I. Cuza” University of Iași, Romania)

Abstract

The study aims to analyze the impact of the ratio between the public debt and the gross domestic product on the Romanian economic development, for years 2000 - 2021 and to offer solutions for growth and sustainable development. Using a Vector Autoregression Model - VAR analysis model, the paper captures the causes that led to the rapid increase in debt in recent years, even decades, on the one hand, and on the other hand, the factors that influenced the negative evolution of macroeconomic indicators (inflation, unemployment etc.), which was not at all encouraging during the entire analyzed period. This fact is also possible thanks to the decisions and policies instituted by the government, rather based on analyzes and strategies, established only in the medium and short term, in a conjunctural context.

Suggested Citation

  • Alin-Vasile Strachinaru, 2023. "The Impact of Public Debt on Sustainable Development. The Romanian Case Study," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 1071-1082, August.
    • Handle: RePEc:ovi:oviste:v:xxiii:y:2023:i:1:p:1071-1082
    as

    Download full text from publisher

    File URL: https://stec.univ-ovidius.ro/html/anale/RO/2023-i1/Section%205/27.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    economic development; public debt; G.D.P. Vector Autoregression Model;
    All these keywords.

    JEL classification:

    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ovi:oviste:v:xxiii:y:2023:i:1:p:1071-1082. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Gheorghiu Gabriela (email available below). General contact details of provider: https://edirc.repec.org/data/feoviro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.