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Econometric Modeling of the Effect of Budget Deficit and Public Debt on GDP within Romanian Economy

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  • Camelia Moraru

    (†Dimitrie Cantemir„ Christian University Constanta)

  • Dorinela Nancu

    (†Ovidius†University of Constanta)

Abstract

In recent years, most countries have experienced an economic crisis that was characterized by significantly increasing public debt and budget deficit, these two indicators being the most affected by this crisis. In this regard, questions about the effects of deficits, the influence of public debt on future generations or the existence of sustainable economic growth are justified. To analyze the influence of the budget deficit and public debt on economic growth, below we have achieved an econometric analysis of the link between these three macroeconomic indicators in Romania's case, one of the countries affected by the economic crisis.

Suggested Citation

  • Camelia Moraru & Dorinela Nancu, 2016. "Econometric Modeling of the Effect of Budget Deficit and Public Debt on GDP within Romanian Economy," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 565-569, February.
    • Handle: RePEc:ovi:oviste:v:xvi:y:2016:i:2:p:565-569
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    1. Martin, Ricardo & Fardmanesh, Mohsen, 1990. "Fiscal Variables and Growth: A Cross-Sectional Analysis," Public Choice, Springer, vol. 64(3), pages 239-251, March.
    2. Carmen M. Reinhart & Kenneth S. Rogoff, 2010. "Growth in a Time of Debt," American Economic Review, American Economic Association, vol. 100(2), pages 573-578, May.
    3. Cosmin Enache, 2009. "Fiscal Policy And Economic Growth In Romania," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 1(11), pages 1-50.
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    More about this item

    Keywords

    deficit; debt; GDP;
    All these keywords.

    JEL classification:

    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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