THE IMPACT OF PUBLIC DEBT ON ECONOMIC GROWTH
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Iulia Roșoiu: Academy of Economic Studies, Bucharest, Romania
CrossCultural Management Journal, 2019, issue 1, 73-78
The aim of this study is to investigate the impact of public debt on the economic growth, government expenditures and revenues in Romania over the period 1995-2020. The estimation is performed using simple Vector Autoregressive model. The results indicate that the economy is discouraged for the first period, starting to grow after. The effects on government expenditures and revenues are positive for two periods, afterwards they decrease. The significance of the impact is similar on the aggregate fiscal and budget variables and more important compared to the one on the economic growth.
Keywords: Public debt; Economic growth; Simple VAR model (search for similar items in EconPapers)
JEL-codes: H63 H60 H20 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:cmj:journl:y:2019:i:1:p:73-78
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