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The Determinants Of Public Debt

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  • Ilhèm Gargouri
  • Majdi Ksantini

Abstract

The study focuses on the identification of the Europeans public debt determinants. For this analysis, we have taken 12 Europeans countries during the 2000 - 2014 period. In order to estimate our model, we used the correlated panels corrected standard errors model. The results confirms the persistence of dependant variable i.e. debt-to-GDP ratio. We also found a positive impact of bank nonperforming loans, military expenditures and imports and a negative influence of GDP growth and bank liquid reserves.

Suggested Citation

  • Ilhèm Gargouri & Majdi Ksantini, 2016. "The Determinants Of Public Debt," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 18(59), pages 111-124, March.
    • Handle: RePEc:rej:journl:v:18:y:2016:i:59:p:111-124
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    References listed on IDEAS

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    Cited by:

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    4. Wang, Wencheng & Ning, Zinan & Shu, Yang & Riti, Joshua Sunday & Riti, Miriam-Kamah J., 2023. "Natural resource rents and public debts nexus in African resource-rich and most indebted nations: Issues with aggregation bias," Resources Policy, Elsevier, vol. 82(C).
    5. Simplice A. Asongu & Uchenna Efobi & Belmondo V. Tanankem & Evans S. Osabuohien, 2019. "Globalisation and Female Economic Participation in Sub-Saharan Africa," Working Papers of The Association for Promoting Women in Research and Development in Africa (ASPROWORDA). 19/005, The Association for Promoting Women in Research and Development in Africa (ASPROWORDA).
    6. Hlongwane, Nyiko Worship & Daw, Olebogeng David, 2022. "Determinants of public debt in South Africa: A Regime-Switching Approach," MPRA Paper 113203, University Library of Munich, Germany.
    7. Ampofo, Gideon Minua Kwaku & Jinhua, Cheng & Bosah, Philip Chukwunonso & Ayimadu, Edwin Twum & Senadzo, Patrick, 2021. "Nexus between total natural resource rents and public debt in resource-rich countries:A panel data analysis," Resources Policy, Elsevier, vol. 74(C).
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    More about this item

    Keywords

    public debt; Corrected panels; Europeans countries;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems

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