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Public Indebtedness in Developing Cuntries: Romanian Case

Author

Listed:
  • Dobranschi Marian

    () (“Alexandru Iona Cuza” University of Iasi, Doctoral School of Economics)

Abstract

In this paper we concerning about the unsustainable level of public indebtedness of developing countries, due the fragile and undeveloped national economy, under different impact factors that may lead to a debt crisis and government insolvency. We analyze the ratio between GDP annual growth rate and public debt annual growth rate as an important indicator able to measure the economic situation at a given time. In addition we consider that public debt composition matters since the external public loaning leads to an export of capital abroad that is affecting growth and economic development of national economy.

Suggested Citation

  • Dobranschi Marian, 2011. "Public Indebtedness in Developing Cuntries: Romanian Case," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 628-632, May.
  • Handle: RePEc:ovi:oviste:v:11:y:2011:i:1:p:628-632
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    More about this item

    Keywords

    Public debt sustainability; crowding-uot effect; level of indebtedness; sovereign debt crisis; current account deficit;

    JEL classification:

    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management
    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
    • H68 - Public Economics - - National Budget, Deficit, and Debt - - - Forecasts of Budgets, Deficits, and Debt

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