Influența deficitului bugetar asupra dezvoltării economice a României

The impact of budget deficit on the economic development of Romania

Oana Elena Mesea

MPRA Paper from University Library of Munich, Germany

Abstract: This paper empirically analyzes the impact of budget deficit on the economic development of Romania. Using the OLS estimates for quarterly series for the period from 2001 to 2011, the results of the estimates prove that there is an indirect relationship between budget deficit and economic growth of Romania. According to the best statistically significant model from the three different model tested, we reached the result that one percent rise of budget deficit gives a 1.36 percent fall in real GDP. This result sustains the neoclassical hypothesis and is against the Keynesist hypothesis or the Ricardian equivalence.

Keywords: budget deficit; economic growth; fiscal policy; Romania (search for similar items in EconPapers)
JEL-codes: E62 H61 H62 (search for similar items in EconPapers)
Date: 2012-08-04
New Economics Papers: this item is included in nep-fdg, nep-mac and nep-tra
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:40476

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