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Analysis Of Public Debt From The Perspective Of Multicultural Factors

Author

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  • ALIN-VASILE STRACHINARU

    (Doctoral School of Economics and Business Administration, "Alexandru Ioan Cuza" University – Iași, Romania)

  • ADELINA-ANDREEA SIRITEANU

    (Doctoral School of Economics and Business Administration, "Alexandru Ioan Cuza" University – Iași, Romania)

  • ERIKA-MARIA DOACA

    (Doctoral School of Economics and Business Administration, "Alexandru Ioan Cuza" University – Iași, Romania)

Abstract

Nowadays, the issue of public debt is an intensely debated topic, but which still requires special attention. The public debt/gross domestic product ratio in the field where it is essential in terms of sustainable research. In this sense, we direct our attention to the Latin countries within the European Union: Portugal, Spain, France, Belgium, Italy, Romania. I have chosen the 2008 - 2022 interval as the analysis paper, which captures the major events that took place at the European level (the global economic crisis, the COVID-19 pandemic, armed conflicts), which affected the population of these countries. and the environment. Business. The methodological framework aims to use both a V.A.R. (Autoregression Vector Model) to establish the link between public debt and G.D.P. as well as multivariate regression. Autoregression Vector Model results, the analysis reveals that the evolution of the analyzed indicator (public debt) is explained, more by its own variation, approx. 90% and only 10% of the G.D.P. variation. More significant in the first three periods, following that after this activity the effect is constant. And to test the regression analysis we will introduce in this study as independent variables, current account, direct investment, gross domestic product, housing price index, inflation, investment, and unemployment

Suggested Citation

  • Alin-Vasile Strachinaru & Adelina-Andreea Siriteanu & Erika-Maria Doaca, 2023. "Analysis Of Public Debt From The Perspective Of Multicultural Factors," Review of Economic and Business Studies, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, issue 32, pages 23-54, December.
    • Handle: RePEc:aic:revebs:y:2023:j:32:strachinarua
    DOI: 10.47743/rebs-2023-2-0002
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    More about this item

    Keywords

    economic growth; public debt; V.A.R. (Autoregression Vector Model); Multiple Regression;
    All these keywords.

    JEL classification:

    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General

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