Déficit budgétaire, dette publique et croissance dans les pays d'Europe centrale et orientale

Alexandra Popescu and Patrick Villieu

Mondes en développement, 2014, vol. n° 167, issue 3, 53-72

Abstract: The paper is concerned with the evolution of public finance in central and eastern Europe countries (CEEC) since the beginning of the 2000s, focusing on its growth effects. We first present some theoretical points studying the impact of fiscal policy on growth. Then, a data analysis on 2000-2013 period set a threshold on the public debt/PIB ratio in the relationship between fiscal deficit and economic growth. Below an estimated level of the ratio between 69 and 79 %, the two variables are positively correlated and negatively beyond. This result doesn?t allowed non-Keynesian effects to balance recessionist impact of fiscal adjustments in the area. Except Hungary, CEEC are under the threshold, so Keynesian effects are dominant.

Keywords: fiscal deficit; public debt; growth; non linear effects CEEC (search for similar items in EconPapers)
Date: 2014
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