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THE EFFECT OF PUBLIC DEBT AND OTHER DETERMINANTS ON THE ECONOMIC GROWTH OF SELECTED EUROPEAN COUNTRIES

Economics and Management

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Title THE EFFECT OF PUBLIC DEBT AND OTHER DETERMINANTS ON THE ECONOMIC GROWTH OF SELECTED EUROPEAN COUNTRIES
 
Creator Ribeiro, Humberto Nuno Rito; Polytechnic Institute of Bragança
Vaicekauskas, Tadas; Kaunas University of Technology
Lakštutienė, Aušrinė; Kaunas University of Technology
 
Subject Public debt; government borrowing; debt crisis; economic growth; economic recession
 
Description Public debt has diverse effects on GDP varying from country to country and resulting from a number of different factors. This project is dedicated to research the effects of various macroeconomic indicators on GDP, with an emphasis on debt related predictors, using a multiple linear regression model. Findings of this research confirm the hypothesis that country determinants influence the efficiency of public borrowing and its effect on GDP. Surprisingly, no relation between debt crisis, level of government debt and its effect on GDP could be found. On the contrary, private borrowing showed a positive effect on the economy in every country where it resulted statistically significant. Interesting results were achieved concerning the openness of the economy and foreign direct investment. They were unequal, whereas initially supposed to be mostly positive.DOI: http://dx.doi.org/10.5755/j01.em.17.3.2108
 
Publisher Kaunas University of Technology
 
Contributor —
 
Date 2012-08-08
 
Type —
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Format application/pdf
 
Identifier http://www.eejournal.ktu.lt/index.php/Ekv/article/view/2108
10.5755/j01.em.17.3.2108
 
Source ECONOMICS AND MANAGEMENT; Vol 17, No 3 (2012); 914-921
EKONOMIKA IR VADYBA; Vol 17, No 3 (2012); 914-921
 
Language en
 
Rights Autorių teisės yra apibrėžtos Lietuvos Respublikos autorių teisių ir gretutinių teisių įstatymo 4-37 straipsniuose.
Copyright terms are indicated in the Republic of Lithuania Law on Copyright and Related Rights, Articles 4-37.