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Fiscal sustainability in Romania

Author

Listed:
  • Ioan-Radu PETRARIU

    (Bucharest University of Economic Studies, Romania)

  • Lucian Constantin VÎLCU

    (Bucharest University of Economic Studies, Romania)

  • Iulian Cornel LOLEA

    (Bucharest University of Economic Studies, Romania)

  • Liana VLADU

    (National University of Political Studies and Public Administration, Romania)

Abstract

In this paper we have tested the Romanian fiscal sustainability during the period between. In this way. In this regard, we analyzed the relationship between the public debt and primary budget deficit, and between public expenditure and public revenue in Romania. We aim to find out what if there are any type of relationships as Afonso and Jalles (2012) defined sustainability: unidirectional causality, bidirectional causality (perfect fiscal synchronization) and no causality. Hence, our approach was focused on testing fiscal sustainability in Romania and we have found that there was a sort of sustainability. In this period the policy makers took some measures in accordance with the definition of what fiscal sustainability should mean.

Suggested Citation

  • Ioan-Radu PETRARIU & Lucian Constantin VÎLCU & Iulian Cornel LOLEA & Liana VLADU, 2020. "Fiscal sustainability in Romania," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(4(625), W), pages 357-368, Winter.
    • Handle: RePEc:agr:journl:v:4(625):y:2020:i:4(625):p:357-368
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    References listed on IDEAS

    as
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