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
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)
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:cai:meddbu:med_167_0053
Access Statistics for this article
More articles in Mondes en développement from De Boeck Université
Bibliographic data for series maintained by Jean-Baptiste de Vathaire ().