The Impact of Public Debt on Sustainable Development. The Romanian Case Study
The study aims to analyze the impact of the ratio between the public debt and the gross domestic product on the Romanian economic development, for years 2000 - 2021 and to offer solutions for growth and sustainable development. Using a Vector Autoregression Model - VAR analysis model, the paper c...
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| Format: | Article |
| Language: | English |
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Ovidius University Press
2023-08-01
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| Series: | Ovidius University Annals: Economic Sciences Series |
| Subjects: | |
| Online Access: | https://stec.univ-ovidius.ro/html/anale/RO/2023-i1/Section%205/27.pdf |
| _version_ | 1797737213628252160 |
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| author | Alin-Vasile Strachinaru |
| author_facet | Alin-Vasile Strachinaru |
| author_sort | Alin-Vasile Strachinaru |
| collection | DOAJ |
| description | The study aims to analyze the impact of the ratio between the public debt and the gross domestic
product on the Romanian economic development, for years 2000 - 2021 and to offer solutions for
growth and sustainable development.
Using a Vector Autoregression Model - VAR analysis model, the paper captures the causes that
led to the rapid increase in debt in recent years, even decades, on the one hand, and on the other hand,
the factors that influenced the negative evolution of macroeconomic indicators (inflation,
unemployment etc.), which was not at all encouraging during the entire analyzed period. This fact is
also possible thanks to the decisions and policies instituted by the government, rather based on
analyzes and strategies, established only in the medium and short term, in a conjunctural context. |
| first_indexed | 2024-03-12T13:24:10Z |
| format | Article |
| id | doaj.art-5230d49db640426e99d3277947fddb29 |
| institution | Directory Open Access Journal |
| issn | 2393-3127 |
| language | English |
| last_indexed | 2024-03-12T13:24:10Z |
| publishDate | 2023-08-01 |
| publisher | Ovidius University Press |
| record_format | Article |
| series | Ovidius University Annals: Economic Sciences Series |
| spelling | doaj.art-5230d49db640426e99d3277947fddb292023-08-25T08:52:49ZengOvidius University PressOvidius University Annals: Economic Sciences Series2393-31272023-08-01XXIII110711082The Impact of Public Debt on Sustainable Development. The Romanian Case StudyAlin-Vasile Strachinaru0„Alexandru I. Cuza” University of Iași, Romania The study aims to analyze the impact of the ratio between the public debt and the gross domestic product on the Romanian economic development, for years 2000 - 2021 and to offer solutions for growth and sustainable development. Using a Vector Autoregression Model - VAR analysis model, the paper captures the causes that led to the rapid increase in debt in recent years, even decades, on the one hand, and on the other hand, the factors that influenced the negative evolution of macroeconomic indicators (inflation, unemployment etc.), which was not at all encouraging during the entire analyzed period. This fact is also possible thanks to the decisions and policies instituted by the government, rather based on analyzes and strategies, established only in the medium and short term, in a conjunctural context. https://stec.univ-ovidius.ro/html/anale/RO/2023-i1/Section%205/27.pdfeconomic developmentpublic debtg.d.p. vector autoregression model |
| spellingShingle | Alin-Vasile Strachinaru The Impact of Public Debt on Sustainable Development. The Romanian Case Study Ovidius University Annals: Economic Sciences Series economic development public debt g.d.p. vector autoregression model |
| title | The Impact of Public Debt on Sustainable Development. The Romanian Case Study |
| title_full | The Impact of Public Debt on Sustainable Development. The Romanian Case Study |
| title_fullStr | The Impact of Public Debt on Sustainable Development. The Romanian Case Study |
| title_full_unstemmed | The Impact of Public Debt on Sustainable Development. The Romanian Case Study |
| title_short | The Impact of Public Debt on Sustainable Development. The Romanian Case Study |
| title_sort | impact of public debt on sustainable development the romanian case study |
| topic | economic development public debt g.d.p. vector autoregression model |
| url | https://stec.univ-ovidius.ro/html/anale/RO/2023-i1/Section%205/27.pdf |
| work_keys_str_mv | AT alinvasilestrachinaru theimpactofpublicdebtonsustainabledevelopmenttheromaniancasestudy AT alinvasilestrachinaru impactofpublicdebtonsustainabledevelopmenttheromaniancasestudy |