IDEAS home Printed from https://ideas.repec.org/a/sgm/pzwzuw/v17i83y2019p54-71.html
   My bibliography  Save this article

Public Debt Dynamics Versus the Value of Stock-Flow Adjustment in the European Union (Dynamika dlugu publicznego a wielkosc Stock-Flow Adjustment w krajach Unii Europejskiej)

Author

Listed:
  • Pawel Piatkowski*

    (Faculty of Economics and Management, University of Bialystok)

Abstract

The debt crisis forced the European Union to reform the Stability and Growth Pact. The aim of the paper is to evaluate the influence of the reform on the dynamics of public debt and its correlation with stock-flow adjustment in the European Union. The undertaken analysis was based on the TOPSIS method. The synthetic measure was based on chosen variables which reflect the public debt dynamics. An analysis of correlations was also performed to find relations between the debt dynamics and stock-flow adjustment. The undertaken analysis has shown that the majority of EU countries reduced public debt in the analyzed period. We can also observe that there is a strong correlation between public debt and stock-flow adjustment in the group of the most successful countries in the area of public debt dynamics. The article introduces a synthetic measure of public debt dynamics which is wider that a change of public debt. Moreover, the relation between public debt dynamics and stock-flow adjustment was analyzed.

Suggested Citation

  • Pawel Piatkowski*, 2019. "Public Debt Dynamics Versus the Value of Stock-Flow Adjustment in the European Union (Dynamika dlugu publicznego a wielkosc Stock-Flow Adjustment w krajach Unii Europejskiej)," Problemy Zarzadzania, University of Warsaw, Faculty of Management, vol. 17(83), pages 54-71.
    • Handle: RePEc:sgm:pzwzuw:v:17:i:83:y:2019:p:54-71
    as

    Download full text from publisher

    File URL: https://pz.wz.uw.edu.pl/resources/html/article/details?id=190880
    Download Restriction: no
    File URL: http://pz.wz.uw.edu.pl/en
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    public debt; Stability and Growth Pact; stock-flow adjustment;
    All these keywords.

    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

    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:sgm:pzwzuw:v:17:i:83:y:2019:p:54-71. 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: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/somuwpl.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.