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Sustainability, Management and Policy of Public Debt

Mirela Anca Postole (), Ioana Duca, Rodica Gherghina () and Florin Vaduva ()
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Mirela Anca Postole: Titu Maiorescu University from Bucharest, The Faculty of Economic Sciences, Department of Finance and Business Administration, Romania

Journal of Knowledge Management, Economics and Information Technology, 2011, vol. 1, issue 7, 19

Abstract: The present scientific work aims at establishing the connection between the sustainability and the management of public debt both as hot stringent issues, and as strategic components of the state public policies. The authors analyze the relationship between public debt and some macroeconomic variables, by using a model structured on two time periods. Also, the study the same relationship based on data concerning public debt as a quota of the GDP (%) and the economic growth as a quota of the GDP (%) in 2009, by applying the econometric models for several European Union members. Therefore, the results of the present research highlight the role played by the debt management in ensuring the debt sustainability and also prove that the connection between the economic growth and the public debt is indirect and only medium strong, due to the results obtained after applying a unifactorial econometric model.

Keywords: sustainability; public debt management; public policies; economic growth; indebtedness level (search for similar items in EconPapers)
JEL-codes: H6 H60 H63 (search for similar items in EconPapers)
Date: 2011
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