Romania’s Public Debt Per Capita

Oana Camelia Iacob (), Nicolae Mihailescu () and Catalin Coman ()
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Oana Camelia Iacob: Politehnica University of Bucharest
Nicolae Mihailescu: Hyperion University of Bucharest
Catalin Coman: Valahia University of Targoviste

Chapter 13 in International Conference Globalization, Innovation and Development. Trends and Prospects (G.I.D.T.P.), 2020, vol. 10, pp 105-115 from Editura Lumen

Abstract: The econometric analysis presented in this study identify a model of dynamics of total public debt of Romania between 2001-2015 in the mathematic expression of an autoregressive equation which is statistically confirmed as a viable model because the requirements imposed for the formulation of this assessment are met. The econometric model highlights the fact that Romania’s public debt per capita will be foreseeably higher during the following years (2019 and 2020). This study has the value and utility of a preventive character information for the correction and substantiation of government decisions, in order to enclose the budget deficit in non inflationist limits, for a financial and budgetary policy which allows maintaining macroeconomic balances and economic stability of the country.

Keywords: Romania’s public debt per capita; autoregressive econometric model; (regression) trend equation (search for similar items in EconPapers)
JEL-codes: D8 F6 I2 O1 O3 (search for similar items in EconPapers)
Date: 2020
ISBN: 978-1-910129-23-4
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Persistent link: https://EconPapers.repec.org/RePEc:lum:prchap:10-13

DOI: 10.18662/lumproc/gidtp2018/13

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