IDEAS home Printed from https://ideas.repec.org/a/cbu/jrnlec/y2023v2p4-25.html
   My bibliography  Save this article

The Effect Of Economic Development On Public Debt: Empirical Evidence From Romania, Croatia And Bulgaria

Author

Listed:
  • Onofrei Mihaela

    (ALEXANDRU I CUZA UNIVERSITY OF IASI, ROMANIA, FINANCE DEPARTMENT)

  • Strachinaru Alin Vasile

    (ALEXANDRU I CUZA UNIVERSITY OF IASI, ROMANIA, DOMAIN FINANCE)

Abstract

Given the current socio-economic and political context (financial crisis, pandemic situation, socio-political conflicts etc.) some similar countries, from economic development point of view, such Romania, Bulgaria and Croatia have encountered difficulties in managing macroeconomic indicators with a pronounced impact on the public debt. The study captures an economic overview of this three countries, for years 2009 - 2021, with a quarterly frequency, by finding appropriate measures for recovery and sustainable development in the medium and long term. As an analysis tool, V A R - Vector Autoregression Model analyzes the correlation between public debt and gross domestic product, continuing with those macroeconomic indicators which have an significant impact on public debt (gross domestic product, unemployment, investments, house price index).

Suggested Citation

  • Onofrei Mihaela & Strachinaru Alin Vasile, 2023. "The Effect Of Economic Development On Public Debt: Empirical Evidence From Romania, Croatia And Bulgaria," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 2, pages 4-25, April.
    • Handle: RePEc:cbu:jrnlec:y:2023:v:2:p:4-25
    as

    Download full text from publisher

    File URL: https://www.utgjiu.ro/revista/ec/pdf/2023-02/01_Onofrei.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Viktor Mihaylov Dinev, 2016. "The Application Of Bulgaria For The Euro Area In The Context Of The Debt Crisis," Economics and Management, Faculty of Economics, SOUTH-WEST UNIVERSITY "NEOFIT RILSKI", BLAGOEVGRAD, vol. 12(2), pages 142-154.
    2. Di Domenico, Lorenzo, 2021. "Stability and determinants of the public debt-to-GDP ratio: an Input Output – Stock Flow Consistent approach," MPRA Paper 110460, University Library of Munich, Germany.
    3. Amarda Kadia, 2020. "Public Debt and Economic Growth in the Balkan Countries," European Journal of Economics and Business Studies Articles, Revistia Research and Publishing, vol. 6, September.
    4. Di Domenico, Lorenzo, 2021. "Stability and determinants of the public debt-to-GDP ratio: an Input Output – Stock Flow Consistent approach," MPRA Paper 109970, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.

      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:cbu:jrnlec:y:2023:v:2:p:4-25. 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.

      If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Ecobici Nicolae (email available below). General contact details of provider: https://edirc.repec.org/data/fetgjro.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.