Economic growth and public indebtedness in the last four decades

is Portugal different from the othe PIIGSʹ economies?

Ricardo Ferraz (Author), António Portugal Duarte (Author)

Abstract

Portugal is a member of the group known by investors as ‘PIIGS’, countries characterised by having high public debt and weak economic growth. Using an extended time horizon, 1974–2014, this study seeks to empirically explore the relationship between economic growth and public debt in the PIIGS economies, particularly in the case of Portugal. Based on the estimation of linear regression models, it was concluded that in the last four decades there has been a negative relationship between economic growth and public debt in both cases, which is consistent with the literature. The negative relationship was even more pronounced in the case of the PIIGS than it was in the case of Portugal.

Keywords

economy;economic growth;Portugal;‘PIIGS’;public debt;

Data

Language:	English
Year of publishing:	2015
Typology:	1.01 - Original Scientific Article
Organization:	UM EPF - Faculty of Economics and Business
UDC:	338.1:336.27(469)
COBISS:	12191260
ISSN:	0547-3101
Parent publication:	Naše gospodarstvo
Views:	858
Downloads:	120
Average score:	0 (0 votes)
Metadata:

Other data

Secondary language:	Slovenian
Secondary title:	Gospodarska rast in javna zadolženost v zadnjih štirih desetletjih
Secondary abstract:	Portugalska je članica skupine držav, investitorjem poznane kot PIIGS, ki jo označujeta visok javni dolg in šibka gospodarska rast. V tej raziskavi smo v razširjenem obdobju 1974–2014 empirično preverili povezavo med ekonomsko rastjo in javnim dolgom v gospodarstvih PIIGS in na Portugalskem. Na osnovi ocene linearnih regresijskih modelov ugotavljamo, da je v zadnjih štirih desetletjih v obeh primerih povezava med ekonomsko rastjo in javnim dolgom negativna, kar je skladno z literaturo. Negativna povezava je bila celo bolj izrazita v gospodarstvih PIIGS kot na Portugalskem.
Secondary keywords:	ekonomija;ekonomska rast;javni dolg;
URN:	URN:NBN:SI
Type (COBISS):	Scientific work
Pages:	str. 3-11
Volume:	ǂVol. ǂ61
Issue:	ǂno. ǂ6
Chronology:	2015
DOI:	10.1515/ngoe-2015-0021
ID:	10878390