THE EVOLUTION OF THE ROMANIAN PUBLIC DEBT DURING THE LAST 10 YEARS
THE EVOLUTION OF THE ROMANIAN PUBLIC DEBT DURING THE LAST 10 YEARS
Author(s): Marius Sorin Dincă, Gheorghita DincaSubject(s): Economy
Published by: Editura Universitaria Craiova
Keywords: public debt; economic growth; public deficit; sustainability of the public finance; regression
Summary/Abstract: The purpose of this paper is to analyze the correlation between the evolution of the Romanian public debt and several variables which, in our opinion, might influence it, such as: the GDP, the volume of the public revenues and expenditures, the budgetary deficit as a ratio of GDP and as an absolute value, the public debt service, the Leu-Euro exchange rate and the implicit interest rate for public debt. In the econometric test of the relation between the public debt and the fore mentioned variables we used the multiple regression method. The results obtained from testing the model have shown that the public debt is greatly influenced by the public debt service, the exchange rate and the interest rate for public loans. In the same time, the model allows forecasts regarding the evolution of the public debt according to evolution of the significant variables.
Journal: Analele Universităţii din Craiova - Seria Ştiinţe Economice
- Issue Year: XXXIX/2011
- Issue No: _
- Page Range: 1-10
- Page Count: 10
- Language: English