THE IMPACT OF PUBLIC DEBT ON ECONOMIC GROWTH WITHIN EU

Meral Kagitci, Mirela Nichita () and Marcel Vulpoi
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Marcel Vulpoi: The Bucharest University of Economic Studies (ASE)

SEA - Practical Application of Science, 2014, issue 4, 65-72

Abstract: The main idea of this paper consists in offering a general view regarding a comparative analysis between different EU countries on public debt and economic growth. In the meantime, this is the evidence that the annual shift of the public dues ratio and the budget deficit to GDP ratio are seen in a bad way and linearly associated with per-capita GDP increase. The conduits term through government`s obligation (level or change) is expected to have a big impact over the economical increased rate as: i) secret saving; ii) social investments; iii) all the productivity factors; iv) unlimited long-term nominal and real interest rate. From a political point of view, the results will bring basically arguments for dues reduction to support long-term increase prospect.

Keywords: Public debt; Economic growth; GDP per capita; Fiscal adjustment (search for similar items in EconPapers)
JEL-codes: F34 F35 F36 H10 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:cmj:seapas:y:2014:i:4:p:65-72

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