Macroeconomic determinants of public debt growth: A case study for Tunisia
This article offers an econometric investigation of the macroeconomic determinants of public debt in Tunisia using VECM model for the period 1986-2015. The results of the full sample analysis reveal that inflation and investment reduce the value of public debt. However, real interest rate, budget de...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
General Association of Economists from Romania
2017-12-01
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| Series: | Theoretical and Applied Economics |
| Subjects: | |
| Online Access: |
http://store.ectap.ro/articole/1314.pdf
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| _version_ | 1819083934955208704 |
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| author | Samia OMRANE BELGUITH Hanen OMRANE |
| author_facet | Samia OMRANE BELGUITH Hanen OMRANE |
| author_sort | Samia OMRANE BELGUITH |
| collection | DOAJ |
| description | This article offers an econometric investigation of the macroeconomic determinants of
public debt in Tunisia using VECM model for the period 1986-2015. The results of the full sample
analysis reveal that inflation and investment reduce the value of public debt. However, real interest
rate, budget deficit and trade openness increase public debt. The study shows also the budget deficit
is the most important determinant of public debt in Tunisia. |
| first_indexed | 2024-12-21T20:40:28Z |
| format | Article |
| id | doaj.art-bb052c0b4a2446f2aa22762879a54ffb |
| institution | Directory Open Access Journal |
| issn | 1841-8678 1844-0029 |
| language | English |
| last_indexed | 2024-12-21T20:40:28Z |
| publishDate | 2017-12-01 |
| publisher | General Association of Economists from Romania |
| record_format | Article |
| series | Theoretical and Applied Economics |
| spelling | doaj.art-bb052c0b4a2446f2aa22762879a54ffb2022-12-21T18:50:59ZengGeneral Association of Economists from RomaniaTheoretical and Applied Economics1841-86781844-00292017-12-01XXIV416116818418678Macroeconomic determinants of public debt growth: A case study for TunisiaSamia OMRANE BELGUITH0Hanen OMRANE1 Faculty of Economics and Management of Sfax, University of Sfax, Tunisia Faculty of Economics and Management of Sfax, University of Sfax, Tunisia This article offers an econometric investigation of the macroeconomic determinants of public debt in Tunisia using VECM model for the period 1986-2015. The results of the full sample analysis reveal that inflation and investment reduce the value of public debt. However, real interest rate, budget deficit and trade openness increase public debt. The study shows also the budget deficit is the most important determinant of public debt in Tunisia. http://store.ectap.ro/articole/1314.pdf Public debtbudget deficitfiscal policyTunisia |
| spellingShingle | Samia OMRANE BELGUITH Hanen OMRANE Macroeconomic determinants of public debt growth: A case study for Tunisia Theoretical and Applied Economics Public debt budget deficit fiscal policy Tunisia |
| title | Macroeconomic determinants of public debt growth: A case study for Tunisia |
| title_full | Macroeconomic determinants of public debt growth: A case study for Tunisia |
| title_fullStr | Macroeconomic determinants of public debt growth: A case study for Tunisia |
| title_full_unstemmed | Macroeconomic determinants of public debt growth: A case study for Tunisia |
| title_short | Macroeconomic determinants of public debt growth: A case study for Tunisia |
| title_sort | macroeconomic determinants of public debt growth a case study for tunisia |
| topic | Public debt budget deficit fiscal policy Tunisia |
| url |
http://store.ectap.ro/articole/1314.pdf
|
| work_keys_str_mv | AT samiaomranebelguith macroeconomicdeterminantsofpublicdebtgrowthacasestudyfortunisia AT hanenomrane macroeconomicdeterminantsofpublicdebtgrowthacasestudyfortunisia |