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Romania’s Public Debt Per Capita

In: International Conference Globalization, Innovation and Development. Trends and Prospects (G.I.D.T.P.)

Author

Listed:
  • Oana Camelia Iacob

    (Politehnica University of Bucharest)

  • Nicolae Mihailescu

    (Hyperion University of Bucharest)

  • Catalin Coman

    (Valahia University of Targoviste)

Abstract

The econometric analysis presented in this study identify a model of dynamics of total public debt of Romania between 2001-2015 in the mathematic expression of an autoregressive equation which is statistically confirmed as a viable model because the requirements imposed for the formulation of this assessment are met. The econometric model highlights the fact that Romania’s public debt per capita will be foreseeably higher during the following years (2019 and 2020). This study has the value and utility of a preventive character information for the correction and substantiation of government decisions, in order to enclose the budget deficit in non inflationist limits, for a financial and budgetary policy which allows maintaining macroeconomic balances and economic stability of the country.

Suggested Citation

  • Oana Camelia Iacob & Nicolae Mihailescu & Catalin Coman, 2020. "Romania’s Public Debt Per Capita," Book chapters-LUMEN Proceedings, in: Ioana PANAGORET & Gabriel GORGHIU (ed.), International Conference Globalization, Innovation and Development. Trends and Prospects (G.I.D.T.P.), edition 1, volume 10, chapter 13, pages 105-115, Editura Lumen.
    • Handle: RePEc:lum:prchap:10-13
    DOI: https://doi.org/10.18662/lumproc/gidtp2018/13
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    More about this item

    Keywords

    Romania’s public debt per capita; autoregressive econometric model; (regression) trend equation;
    All these keywords.

    JEL classification:

    • F6 - International Economics - - Economic Impacts of Globalization
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • I2 - Health, Education, and Welfare - - Education
    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty

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