PUBLIC DEBT AS A DETERMINANT OF THE ECONOMIC GROWTH IN KOSOVO

Filipos Ruxho (), Dimitrios P. Petropoulos () and Dimas Angga Negoro ()
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Filipos Ruxho: Faculty of Agribusiness, Haxhi Zeka University, Peja, Republic of Kosovo
Dimitrios P. Petropoulos: School of Agriculture and Food, University of Peloponnese, Greece
Dimas Angga Negoro: Esa Unggul University, Indonesia

Sustainable Regional Development Scientific Journal, 2024, vol. I, issue 1, 55-67

Abstract: This article investigates the impact of public debt on economic growth in Kosovo. By analyzing secondary data, we aim to determine whether increasing public debt levels have stimulated or hindered economic growth. The study employs an econometric model to quantify this relationship, providing valuable insights for policymakers and economists. The findings suggest a nuanced impact of public debt on economic growth, with implications for fiscal policy and sustainable development strategies in Kosovo. Empirical results suggest a negative relationship between public debt and economic growth controlling for other determinants of growth trade openness, total investment, current account balance, and primary balance. The results also confirmed the existence of a "U inverted" relationship between public debt and economic growth.

JEL-codes: E60 H63 O10 O40 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:bfb:srdjou:2024-07_3

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