Debt Sustainability Issues in the Central and Eastern European Countries
Bökemeier B, Stoian A (2016) Working Papers in Economics and Management; 07-2016.
Bielefeld: Bielefeld University, Department of Business Administration and Economics.
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| Veröffentlicht | Englisch
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Autor*in
Bökemeier, BettinaUniBi;
Stoian, Andreea
Einrichtung
Abstract / Bemerkung
The aim of this study is to investigate debt sustainability in ten Central and
Eastern European countries over 1997-2013. Following Burger (2012), we
calculate the stabilized debt using the estimates of a fiscal reaction function for
a balanced panel with fixed effects. Comparing the stabilized, the effective debt
ratios and the historical averages, we can assess debt sustainability in short
and in long run. We find that current debt ratio as of 2015 for Bulgaria and
Romania is not sustainable. The debt dynamics of Bulgaria is stable whilst for
Romania’s case the debt trajectory indicates unstable dynamics. As for
historical averages of debt ratios, Bulgaria could encounter debt sustainability
issues also in the long run.
Stichworte
Public debt;
Fiscal Sustainability;
Fiscal Reaction Function;
CEECs economies
Erscheinungsjahr
2016
Serientitel
Working Papers in Economics and Management
Band
07-2016
Seite(n)
15
ISSN
2196-2723
Page URI
https://pub.uni-bielefeld.de/record/2915599
Zitieren
Bökemeier B, Stoian A. Debt Sustainability Issues in the Central and Eastern European Countries. Working Papers in Economics and Management. Vol 07-2016. Bielefeld: Bielefeld University, Department of Business Administration and Economics; 2016.
Bökemeier, B., & Stoian, A. (2016). Debt Sustainability Issues in the Central and Eastern European Countries (Working Papers in Economics and Management, 07-2016). Bielefeld: Bielefeld University, Department of Business Administration and Economics. doi:10.4119/unibi/2915599
Bökemeier, Bettina, and Stoian, Andreea. 2016. Debt Sustainability Issues in the Central and Eastern European Countries. Vol. 07-2016. Working Papers in Economics and Management. Bielefeld: Bielefeld University, Department of Business Administration and Economics.
Bökemeier, B., and Stoian, A. (2016). Debt Sustainability Issues in the Central and Eastern European Countries. Working Papers in Economics and Management, 07-2016, Bielefeld: Bielefeld University, Department of Business Administration and Economics.
Bökemeier, B., & Stoian, A., 2016. Debt Sustainability Issues in the Central and Eastern European Countries, Working Papers in Economics and Management, no.07-2016, Bielefeld: Bielefeld University, Department of Business Administration and Economics.
B. Bökemeier and A. Stoian, Debt Sustainability Issues in the Central and Eastern European Countries, Working Papers in Economics and Management, vol. 07-2016, Bielefeld: Bielefeld University, Department of Business Administration and Economics, 2016.
Bökemeier, B., Stoian, A.: Debt Sustainability Issues in the Central and Eastern European Countries. Working Papers in Economics and Management, 07-2016. Bielefeld University, Department of Business Administration and Economics, Bielefeld (2016).
Bökemeier, Bettina, and Stoian, Andreea. Debt Sustainability Issues in the Central and Eastern European Countries. Bielefeld: Bielefeld University, Department of Business Administration and Economics, 2016. Working Papers in Economics and Management. 07-2016.
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