The Effect of Public Debt and Other Determinants on the Economic Growth of Selected European Countries

Ribeiro, Humberto; Vaicekauskas, Tadas; Lakštutienė, Aušrinė

doi:10.5755/j01.em.17.3.2108

Cited by 5 publications

(8 citation statements)

References 16 publications

(11 reference statements)

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“…They found that the positive impact of accumulated public debt turned into negative effect between 80 percent and 94 percent in the European Union (the EU without the new member states). The hypothesis that the public debt may have a significant impact on GDP, in some cases, a negative impact depending on countryspecific differences, has been confirmed by Ribeiro, Vaicekauskas, and Lakstutiene (2012). In other cases, the GDP has been affected positively by public debt.…”

Section: Literature Reviewmentioning

confidence: 86%

External Financial Flows and GDP Growth in Kosovo

Govori¹,

Fejzullahu²

2020

Journal of Developing Societies

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This article examines the impact that external financial flows have on gross domestic product (GDP) growth in a new, small, and open economy—the Republic of Kosovo. Remittances, foreign direct investment (FDI), foreign debt, and net exports may affect GDP in different ways. In the context of a new, small, and open economy, these factors can be important determinants of economic development. This article examines the direct effect of these factors on economic development as represented by GDP growth in Kosovo, covering the period of 2012–2018. The relationships between remittances, net exports, FDI, external debt, and GDP are modeled based on theoretical arguments and empirical evidence. The results suggest that in Kosovo, remittances are the leading contributor to GDP growth. This contribution could be more valuable if remittances were invested in the manufacturing sector. These investments could have positive effects on job creation, thereby reducing the unemployment rate and Kosovo’s dependence on imports.

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Section: Literature Reviewmentioning

confidence: 86%

External Financial Flows and GDP Growth in Kosovo

Govori¹,

Fejzullahu²

2020

Journal of Developing Societies

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“…In fact, borrowing is positively and significantly correlated with an increase in economic growth. Similarly, other studies show fascinating empirical outcomes where economic openness and FDI are found to be co-integrated (Ribeiro, 2012).…”

Section: Introductionmentioning

confidence: 86%

Untitled

2018

IJEFI

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This study aims to shed light on some of the key macroeconomic indicators that might improve Somalia's real per capita economic growth. It also aims to verify the possible ways in which these factors could influence the formulation and implementation of economic policy. Specifically, it uses the Johansen test of co-integration to establish and assess a number of co-integrating variables that are related to economic growth and whether a long-run association between these variables and some of the major macroeconomic features of economic growth in Somalia can be established in these co-integration tests, without resorting to arbitrary normalization. The data range represents the period from 1991 to 2014. The augmented Dickey Fuller technique is used to test the features of the time series in the data. The observed results show that almost all of the necessary variables were stationary (did not have a unit root), following their first differencing. Finally, it was found that there is at least one co-integrating equation among the variables in the model used in this study. For policy recommendations, the government administration is advised to seek possible alternative ways to internally generate more revenue and returns as opposed to becoming dependent solely on overseas support.

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“…Lamminmaki and Leitch (2011) noted that nearly 80 percent of transactions are based on sales of goods or services for credit. The analysis of the scientific literature has revealed that a number of scientists -Snieška, Drakšaitė (2013), Ribeiro et al (2012), Sokolov, Sokolova (2012) and others -have researched the issues of public debt and its impact on economics, whereas the issues of debts in private sector have not earned sufficient scientific attention. According to Charitonov (2004), both global and Lithuanian economics are facing the problems of business insolvency.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Snieška and Drakšaitė (2013) studied the sustainability of public debt in small open economies and the impact of the public debt on economic growth. The influence of public debts on ECONOMICS AND CULTURE 13(01), 2016DOI: 10.1515/jec-2016 Brought to you by | MIT Libraries Authenticated Download Date | 5/11/18 3:12 PM economic growth of the European States as well as public debt advantages and disadvantages were analysed by Ribeiro et al (2012). According to Sokolov and Sokolova (2012), who researched the development and determinants of public debt, the issues of public debt have earned rather sufficient scientific attention, although they remain topical in the area of state management.…”

Section: Introductionmentioning

confidence: 99%

“…Both Lithuanian and foreign scientific studies still lack the comprehensive research on the issue of the management of receivables in the private sector. Some scholars (Snieška, Drakšaitė 2013;Ribeiro et al 2012;Sokolov, Sokolova 2012) analysed the issues of public debt and its impact on the economics of the country. Snieška and Drakšaitė (2013) studied the sustainability of public debt in small open economies and the impact of the public debt on economic growth.…”

Section: Introductionmentioning

confidence: 99%

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The Issues of the Management of Receivables: Lithuanian Case

Remeikienė

Gasparėnienė

Grigaliune

2016

Economics and Culture

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Abstract. Constant changes in business environment determine the significance of receivables to business. The analysis of the current situation in Lithuania has revealed that a substantial part of business enterprises are facing the problem of overdue receivables. This issue emerged as extremely topical after the beginning of the economic crisis in 2008. A number of scientific studies confirmed that the level of receivables has a significant impact not only on smooth business operation but also on operational results and serves as the cause of numerous economic and social problems, faced by both business enterprises and the state. Rising level of receivables determines slower recovery of total economics because it has a negative impact on the sustainability of the public sector of the country. In addition, the scientists highlight economic problems such as production capacity losses, general decrease in competitiveness and failure to satisfy the debt claims. The social problems include the increase in unemployment rate, fall of living standards, dissatisfaction with poor economics of the country and uncertainty about the future. The aim of this article is to analyse the impact of receivables on business in Lithuania. The methods of the research include scientific literature analysis and statistical data analysis.

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The Effect of Public Debt and Other Determinants on the Economic Growth of Selected European Countries

Cited by 5 publications

References 16 publications

External Financial Flows and GDP Growth in Kosovo

External Financial Flows and GDP Growth in Kosovo

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The Issues of the Management of Receivables: Lithuanian Case

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