Romania’s Public Debt Per Capita
Romania’s Public Debt Per Capita

Author(s): Oana Camelia Iacob, Nicolae Mihailescu, Catalin Coman
Subject(s): Business Economy / Management
Published by: Editura Lumen, Asociatia Lumen
Keywords: Romania’s public debt per capita; autoregressive econometric model; regression trend equation;
Summary/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.

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