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Macroeconomic determinants of public debt growth: A case study for Tunisia

Samia Omrane Belguith and Hanen Omrane
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Hanen Omrane: Faculty of Economics and Management of Sfax, University of Sfax, Tunisia

Theoretical and Applied Economics, 2017, vol. XXIV, issue 4(613), Winter, 161-168

Abstract: This article offers an econometric investigation of the macroeconomic determinants of public debt in Tunisia using VECM model for the period 1986-2015. The results of the full sample analysis reveal that inflation and investment reduce the value of public debt. However, real interest rate, budget deficit and trade openness increase public debt. The study shows also the budget deficit is the most important determinant of public debt in Tunisia.

Keywords: Public debt; budget deficit; fiscal policy; Tunisia. (search for similar items in EconPapers)
Date: 2017
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Handle: RePEc:agr:journl:v:4(613):y:2017:i:4(613):p:161-168