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Public Debt As A Determinant Of The Economic Growth In Kosovo

Author

Listed:
  • Filipos Ruxho

    (Faculty of Agribusiness, Haxhi Zeka University, Peja, Republic of Kosovo)

  • Dimitrios P. Petropoulos

    (School of Agriculture and Food, University of Peloponnese, Greece)

  • Dimas Angga Negoro

    (Esa Unggul University, Indonesia)

Abstract

This article investigates the impact of public debt on economic growth in Kosovo. By analyzing secondary data, we aim to determine whether increasing public debt levels have stimulated or hindered economic growth. The study employs an econometric model to quantify this relationship, providing valuable insights for policymakers and economists. The findings suggest a nuanced impact of public debt on economic growth, with implications for fiscal policy and sustainable development strategies in Kosovo. Empirical results suggest a negative relationship between public debt and economic growth controlling for other determinants of growth trade openness, total investment, current account balance, and primary balance. The results also confirmed the existence of a "U inverted" relationship between public debt and economic growth.

Suggested Citation

  • Filipos Ruxho & Dimitrios P. Petropoulos & Dimas Angga Negoro, 2024. "Public Debt As A Determinant Of The Economic Growth In Kosovo," Sustainable Regional Development Scientific Journal, Sustainable Regional Development Scientific Journal, vol. 0(1), pages 55-67, July.
    • Handle: RePEc:bfb:srdjou:2024-07_3
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    File URL: https://www.srdsjournal.eu/articles/files/2024-3%20-%20PUBLIC%20DEBT%20AS%20A%20DETERMINANT%20OF%20THE%20ECONOMIC%20GROWTH%20IN%20KOSOVO.pdf
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    References listed on IDEAS

    as
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    More about this item

    JEL classification:

    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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