A PANEL DATA ANALYSISON THE DETERMINANTS OF FINANCIAL EQUILIBRIUM IN ROMANIAN COUNTIES

Batrancea Larissa
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Batrancea Larissa: BABES-BOLYAI UNIVERSITY CLUJ-NAPOCA, FACULTY OF BUSINESS, ROMANIA

Annals - Economy Series, 2021, vol. 1, 47-52

Abstract: The article draws on how public debt influences financial equilibrium of six Romanian counties during a time span of one decade(2007–2016). By means of panel data analyses conducted via panel estimated generalized least squares with cross-section weights, empirial results obtained on financial data measuring public det, current liquidity and solvency revealed a strong relationship between these indicators. Both short-term and long-term financial equilibria were significantly determined by public debt indicators. Insights provided by this study could assist public authorities at county level in implementing efficient strategies that aim to maintain the financial equilibrium of public institutionsand best serve citizens’ interests.

Keywords: public debt; financial equilibrium; liquidity; solvency (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2021:v:1:p:47-52

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