The Influence of the Public Debt on the Economic Growth of Greece
Journal Title: Бізнес Інформ - Year 2014, Vol 10, Issue 0
Abstract
The article is aimed at analysis of the causal relation between the debt burden and the economic growth in Greece. For this purpose, a panel vector autoregressive model was applied. The analysis, based on the data covering 20 developed countries, including Greece, showed that, while some studies on this topic have stated that large public debt impeded economic growth of this country, the panel vector autoregression was indicative of a lack of the significant influence of the public debt on the economic growth of Greece. Though we succeeded in finding a significant negative reverse effect of the growth economic on the public debt, which explains the negative correlation, indicating that, in assessing the long-term influence of public debt on the country \'s economic growth, it is important to control the reverse effect on the economic growth on the public debt.
Authors and Affiliations
Kostiantyn Kydryavtsev
Keywords
Related Articles
- EP ID EP137513
- DOI -
- Views 86
- Downloads 0
Causes and Backgrounds of the Shadow Economy in Ukraine, Approaches to Countering
The article substantiates topicality of the problem of shadow economy in the context of the European integration of Ukraine. The article displays reasons for the ineffectiveness of economic reforms against the background...
Use of the Competence-Based Approach in Ensuring the Human Resources of the Product Innovation Policy of Enterprises
The article is aimed at the topical subject of research of essence and the main aspects of formation and implementation of enterprises' product innovation policy. Using the method of morphological analysis and synthesis...
Improving the E-Customs as the Key to Development of Customs Affairs in Ukraine
The article is concerned with substantiating the feasibility as to availability of objective data covering both the work of customs in general and the specific operations, namely, electronic declaring. The article contai...
A Statistical Estimation of the Level of Concentration of the Private Sector in the Market for Laboratory Medical Services in Ukraine
The article offers methods for and presents results of a statistical estimation of concentration of the private sector in the market for laboratory medical services in Ukraine on the basis of calculation of the standard...
Quality of Dairy Products as a Key Factor in Ensuring its Competitiveness
The article analyzed main ways of increasing the competitiveness of dairy products by improving its quality characteristics, revealed features of quality dairy products and their impact on production efficiency.