PUBLIC DEBT AND ECONOMIC GROWTH IN THE EU POST-COMMUNIST COUNTRIES

被引：0

作者：

Dinca, Gheorghita ^{[1
]}

Dinca, Marius Sorin ^{[1
]}

机构：

[1] Transilvania Univ Brasov, Dept Finance & Accounting, Brasov, Romania

来源：

ROMANIAN JOURNAL OF ECONOMIC FORECASTING | 2015年 / 18卷 / 02期

关键词：

public debt; economic growth; fiscal policy; returning point; sustainability of public finance; DEFICITS; BONDS;

D O I：

暂无

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Our paper empirically explores the relationship between the ratio of government debt to Gross Domestic Product (GDP) and the per capita GDP growth rate for a sample of 10 former Communist countries, currently members of the EU 27, for the 1999-2010 period. The results show a statistically significant non-linear relationship between the government debt to GDP ratio and the per capita GDP growth rate for all the analyzed countries. We have found that the government debt turning point is around 50%. If the government debt to GDP ratio exceeds this level, it could generate a negative impact on the GDP growth rate. The 95% confidence intervals for the debt turning point start as low as 40% of GDP, which calls for more prudent government debt policies.

引用

页码：119 / 132

页数：14

共 50 条

[1] Public Debt and Economic Growth in EU Countries
Onofrei, Mihaela
Bostan, Ionel
Firtescu, Bogdan Narcis
Roman, Angela
Rusu, Valentina Diana
ECONOMIES, 2022, 10 (10)
[2] On the economic growth in post-communist countries of Eastern Europe
Papava, V. G.
EKONOMIKA I MATEMATICESKIE METODY-ECONOMICS AND MATHEMATICAL METHODS, 2020, 56 (01): : 34 - 43
[3] Asymmetric Impact of Public Debt on Economic Growth in Selected EU Countries
Sulikova, Veronika
Djukic, Mihajlo
Gazda, Vladimir
Horvath, Denis
Kulhanek, Lumir
EKONOMICKY CASOPIS, 2015, 63 (09): : 944 - 958
[4] Revisiting economic growth and real convergence in the post-communist countries
Lu, Meiyu
Staehr, Karsten
EURASIAN ECONOMIC REVIEW, 2025, 15 (01) : 89 - 123
[5] PUBLIC DEBT AND ECONOMIC GROWTH: AN EMPIRICAL ANALYSIS OF THE STRUCTURE CHANGES OF PUBLIC DEBT IN THE EU COUNTRIES
Murin, Martin
PROCEEDINGS OF 14TH INTERNATIONAL SCIENTIFIC CONFERENCE: ECONOMIC POLICY IN THE EUROPEAN UNION MEMBER COUNTRIES, PTS 1 AND 2, 2016, : 481 - 489
[6] Integration of Post-Communist Countries in the EU - Leaders and Losers?
Cibik, Lukas
Horvath, Peter
Brix, Richard
COMPARATIVE ECONOMIC RESEARCH-CENTRAL AND EASTERN EUROPE, 2022, 25 (02): : 7 - 20
[7] Debt-threshold effects on growth in post-communist EU economies: does institutional quality matter?
Mihajlovic, Vladimir
POST-COMMUNIST ECONOMIES, 2025,
[8] Environmental Expenditures and Economic Growth in Post-communist Romania
Daniela, Panica
POLITICAL AND ECONOMIC UNREST IN THE CONTEMPORARY ERA, 2019, : 288 - 295
[9] Revisiting the Role of Public Debt in Economic Growth: the Case of OECD Countries
Mencinger, Jernej
Aristovnik, Aleksander
Verbic, Miroslav
INZINERINE EKONOMIKA-ENGINEERING ECONOMICS, 2015, 26 (01): : 61 - 66
[10] Public Debt, Economic Growth and the Real Interest Rate: A Panel VAR Approach to EU and OECD Countries
Jacobs, Jan
Ogawa, Kazuo
Sterken, Elmer
Tokutsu, Ichiro
APPLIED ECONOMICS, 2020, 52 (12) : 1377 - 1394

← 1 2 3 4 5 →