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Defining Public Debt and External Debt and Revealing Their Statistical Trends and Econometric Models

Author

Listed:
  • Gheorghe SAVOIU

    (University of Pitesti, Faculty of Economic Sciences)

  • Luiza APOSTOL

    (University of Pitesti, Faculty of Economic Sciences)

Abstract

The reminder of this paper is the following: the first section of the paper defines public and external debt, and underlines the significances of these basic concepts in modern and global economy, describing some specific and distinct conceptual areas for the both notions, revealing statistical trends and using statistical indices or relative indicators during the second section, and finally proposuing some mathematical solutions statistically tested in the complex notions of debts’ econometric models. Some final remarks highlight the value of the two concepts in contemporary economy of Romania as exogenous variables in the two central sections. The paper remains an original one originality, and its originality consists of its precisely manner in addressing Romania’s public and external debt in a simultaneously aggregated and transdisciplinary and conceptual way or research and thinking.

Suggested Citation

  • Gheorghe SAVOIU & Luiza APOSTOL, 2013. "Defining Public Debt and External Debt and Revealing Their Statistical Trends and Econometric Models," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 61(4), pages 93-104, December.
    • Handle: RePEc:rsr:supplm:v:61:y:2013:i:4:p:93-104
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    References listed on IDEAS

    as
    1. J. M. Keynes, 1937. "The General Theory of Employment," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 51(2), pages 209-223.
    2. Paul De Grauwe, 2014. "The Governance of a Fragile Eurozone," World Scientific Book Chapters, in: Exchange Rates and Global Financial Policies, chapter 12, pages 297-320, World Scientific Publishing Co. Pte. Ltd..
    3. Gheorghe Săvoiu & Constantin Manea & Victor Iorga – Simăn & Florentina Magda Enescu & Mladen Čudanov, 2011. "A Corporate Model of Similitude for SMEs Reunion into a Corporation, Viewed from the Angle of Physical Thought, and Its Complex Economic and Social Impact," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 13(29), pages 10-27, February.
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