 Public Debt Dynamics Versus the Value of Stock-Flow Adjustment in the European Union (Dynamika dlugu publicznego a wielkosc Stock-Flow Adjustment w krajach Unii Europejskiej)Pawel Piatkowski ()
Problemy Zarzadzania, 2019, vol. 17, issue 83, 54-71 Abstract: The debt crisis forced the European Union to reform the Stability and Growth Pact. The aim of the paper is to evaluate the influence of the reform on the dynamics of public debt and its correlation with stock-flow adjustment in the European Union. The undertaken analysis was based on the TOPSIS method. The synthetic measure was based on chosen variables which reflect the public debt dynamics. An analysis of correlations was also performed to find relations between the debt dynamics and stock-flow adjustment. The undertaken analysis has shown that the majority of EU countries reduced public debt in the analyzed period. We can also observe that there is a strong correlation between public debt and stock-flow adjustment in the group of the most successful countries in the area of public debt dynamics. The article introduces a synthetic measure of public debt dynamics which is wider that a change of public debt. Moreover, the relation between public debt dynamics and stock-flow adjustment was analyzed. Keywords: public debt; Stability and Growth Pact; stock-flow adjustment (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:sgm:pzwzuw:v:17:i:83:y:2019:p:54-71 Access Statistics for this article More articles in Problemy Zarzadzania from University of Warsaw, Faculty of Management Contact information at EDIRC. |
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