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Factors generating public indebtedness in developed economies

Author

Listed:
  • Angela Roman
  • Irina Bilan

    (Business Administration Department, Faculty of Economics and Business Administration, Alexandru Ioan Cuza University)

Abstract

This paper aims at pointing out the factors that have led to the accumulation of public debt in the countries currently considered as developed. It first analyzes the dynamics of public debt in industrialized countries, putting into light that its level has always been high. Establishing that a direct correlation exists between the evolution of the budget balance and public debt, it afterwards emphasizes the causes of budget deficits and, implicitly, of public debt by minutely analyzing the particularities concerning the level and structure of budget revenues and expenditures in developed countries.

Suggested Citation

  • Angela Roman & Irina Bilan, 2008. "Factors generating public indebtedness in developed economies," Analele Stiintifice ale Universitatii "Alexandru Ioan Cuza" din Iasi - Stiinte Economice (1954-2015), Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 55, pages 120-130, November.
    • Handle: RePEc:aic:journl:y:2008:v:55:p:120-130
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