DEBTS (PUBLIC AND EXTERNAL) AND GROWTH – LINK OR NO LINK?
Throughout history the world has been faced by high debts, with the recent global financial crisis intensifying the issue of increasing indebtedness (with respect to both public and external debts), especially in the light of sovereign debt crisis that some countries have been subject to recently. T...
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| Format: | Article |
| Language: | English |
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Croatian Operational Research Society
2012-12-01
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| Series: | Croatian Operational Research Review |
| Subjects: | |
| Online Access: | http://hrcak.srce.hr/index.php?show=clanak&id_clanak_jezik=142445 |
| _version_ | 1819032428954517504 |
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| author | Vladimir Šimić Vinko Muštra |
| author_facet | Vladimir Šimić Vinko Muštra |
| author_sort | Vladimir Šimić |
| collection | DOAJ |
| description | Throughout history the world has been faced by high debts, with the recent global financial crisis intensifying the issue of increasing indebtedness (with respect to both public and external debts), especially in the light of sovereign debt crisis that some countries have been subject to recently. This paper explores the debt levels in Central, East and Southeast Europe and investigates their relation with growth. We use annual data on debts and growth from the WIIW database (The Vienna Institute for International Economic Studies) and World Development Indicators (World Bank) on 18 countries. By employing econometric analysis in the form of dynamic panel data analysis our investigation contributes to the literature by covering the recently very hot issue of the dangers of high indebtedness in the region of Central, East and Southeast Europe. Our findings send a strong warning about the need to keep the debts under control. |
| first_indexed | 2024-12-21T07:01:48Z |
| format | Article |
| id | doaj.art-19820562e20b4c2e891125a474893aab |
| institution | Directory Open Access Journal |
| issn | 1848-0225 1848-9931 |
| language | English |
| last_indexed | 2024-12-21T07:01:48Z |
| publishDate | 2012-12-01 |
| publisher | Croatian Operational Research Society |
| record_format | Article |
| series | Croatian Operational Research Review |
| spelling | doaj.art-19820562e20b4c2e891125a474893aab2022-12-21T19:12:11ZengCroatian Operational Research SocietyCroatian Operational Research Review1848-02251848-99312012-12-013191102DEBTS (PUBLIC AND EXTERNAL) AND GROWTH – LINK OR NO LINK?Vladimir Šimić0Vinko Muštra1Faculty of Economics, University of Split, Split, CroatiaFaculty of Economics, University of Split, Split, CroatiaThroughout history the world has been faced by high debts, with the recent global financial crisis intensifying the issue of increasing indebtedness (with respect to both public and external debts), especially in the light of sovereign debt crisis that some countries have been subject to recently. This paper explores the debt levels in Central, East and Southeast Europe and investigates their relation with growth. We use annual data on debts and growth from the WIIW database (The Vienna Institute for International Economic Studies) and World Development Indicators (World Bank) on 18 countries. By employing econometric analysis in the form of dynamic panel data analysis our investigation contributes to the literature by covering the recently very hot issue of the dangers of high indebtedness in the region of Central, East and Southeast Europe. Our findings send a strong warning about the need to keep the debts under control.http://hrcak.srce.hr/index.php?show=clanak&id_clanak_jezik=142445indebtednessgrowthcentralEast and Southeast Europe |
| spellingShingle | Vladimir Šimić Vinko Muštra DEBTS (PUBLIC AND EXTERNAL) AND GROWTH – LINK OR NO LINK? Croatian Operational Research Review indebtedness growth central East and Southeast Europe |
| title | DEBTS (PUBLIC AND EXTERNAL) AND GROWTH – LINK OR NO LINK? |
| title_full | DEBTS (PUBLIC AND EXTERNAL) AND GROWTH – LINK OR NO LINK? |
| title_fullStr | DEBTS (PUBLIC AND EXTERNAL) AND GROWTH – LINK OR NO LINK? |
| title_full_unstemmed | DEBTS (PUBLIC AND EXTERNAL) AND GROWTH – LINK OR NO LINK? |
| title_short | DEBTS (PUBLIC AND EXTERNAL) AND GROWTH – LINK OR NO LINK? |
| title_sort | debts public and external and growth link or no link |
| topic | indebtedness growth central East and Southeast Europe |
| url | http://hrcak.srce.hr/index.php?show=clanak&id_clanak_jezik=142445 |
| work_keys_str_mv | AT vladimirsimic debtspublicandexternalandgrowthlinkornolink AT vinkomustra debtspublicandexternalandgrowthlinkornolink |