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Paradigm Of Public Debt – Economic Demarcation, Theoretical Diversity, Hierarchy And Pragmatic Associations, Focusing On Statistical Thinking

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  • Lect. Luiza Apostol Ph.D Student

    (University of Pitesti Faculty of Economic Sciences Pitesti, Romania)

Abstract

In its introductory section, the article develops the contemporary paradigm of public debt, which, gradually, occupies increasingly more space in the European and international praxeological discourse; the initial approach starts from debt in its most general sense, going down to the concepts of public debt and external or foreign debt, described by significant common intersections or even congruence in various economies, in relation to their monetary convertibility. The central section of the paper is descriptive, focusing on the ranking of contemporary economies in relation to their public debt (including, in a relatively forced manner, also Romania in the table of the nations with a statistically significant impact globally (over 0.5 % of the total/world value) and identifies associations between public debt indicators and other macroeconomic indicators, carried out in conditions of ensured methodological and statistical comparability. A few final remarks describe both the importance and the multiple meanings of the present paper, revealing some of the prospects of new investigations of the public debt paradigm, placed in the author’s good intentions portfolio.

Suggested Citation

  • Lect. Luiza Apostol Ph.D Student, 2013. "Paradigm Of Public Debt – Economic Demarcation, Theoretical Diversity, Hierarchy And Pragmatic Associations, Focusing On Statistical Thinking," Revista Tinerilor Economisti (The Young Economists Journal), University of Craiova, Faculty of Economics and Business Administration, vol. 1(21), pages 7-17, NOVEMBER.
  • Handle: RePEc:aio:rteyej:v:1:y:2013:i:21:p:7-17
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    Keywords

    public debt; external / foreign debt; external public debt; budget deficit; public debt as % of GDP; public debt service.;

    JEL classification:

    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
    • H60 - Public Economics - - National Budget, Deficit, and Debt - - - General

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