Economic Growth and Public Indebtedness in the Last Four Decades: Is Portugal different from the other PIIGS’ economies?

Ferraz Ricardo () and António Portugal Duarte
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Ferraz Ricardo: Lisbon School of Economics and Management, Lisbon, Portugal

Naše gospodarstvo/Our economy, 2015, vol. 61, issue 6, 3-11

Abstract: Portugal is a member of the group known by investors as ‘PIIGS’, countries characterised by having high public debt and weak economic growth. Using an extended time horizon, 1974–2014, this study seeks to empirically explore the relationship between economic growth and public debt in the PIIGS economies, particularly in the case of Portugal. Based on the estimation of linear regression models, it was concluded that in the last four decades there has been a negative relationship between economic growth and public debt in both cases, which is consistent with the literature. The negative relationship was even more pronounced in the case of the PIIGS than it was in the case of Portugal.

Keywords: Economic Growth; Portugal; ‘PIIGS’; Public Debt; ekonomska rast; Portugalska; PIIGS; javni dolg (search for similar items in EconPapers)
JEL-codes: E62 E65 H6 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:vrs:ngooec:v:61:y:2015:i:6:p:3-11:n:1

DOI: 10.1515/ngoe-2015-0021

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