Public debt’s predictors in EU
Evidence from members and non-members of European Monetary Union
Bibliographic Data
| ID | 15068269 |
|---|---|
| Authors | Miloš Pjanić (0000-0001-8521-8559, University of Novi Sad), Nada Milenković (0000-0001-9810-3021, University of Novi Sad, corresponding author), Jelena Andrašić (0000-0003-3941-1184, University of Novi Sad), Branimir Kalaš (0000-0002-9141-7957, University of Novi Sad), Vera Mirović (0000-0002-1465-4692, University of Novi Sad) |
| Year | 2020 |
| Volume | 33 |
| Issue | 1 |
| Pages | 3562-3579 |
| Publication date | 2020-01-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Economic Research-Ekonomska Istraživanja (JOURNAL) |
| Journal identifiers | ISSN: 1331-677X • E-ISSN: 1848-9664 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/1331677x.2020.1776137 |
| OpenAlex | W3080748139 |
| Language | EN |
| References cited | 68 |
The global economic crisis destabilised the public debt of many countries. The purpose of this paper is to investigate the predictors of public debt in European Union countries divided into non-member countries and members of the European Monetary Union in the period from 2001 to 2018. The aim is to discover their relationship with public debt and make recommendations for economic policy-makers. The empirical analysis was based on comparative research design, quantitative methodology and secondary data collection. It included 13 variables, with public debt being the dependent variable and the selected 12 economic indicators were treated as predictors. The analysis was based on a procedure for linear mixed models in the IBM SPSS. The basic finding was that only unemployment was statistically significant predictor of public debt in both groups of countries. Other predictors differed, and there were statistically significant differences in the magnitude of their impacts. Obtained results indicate that unemployment is one of the most important problems of all European Union countries. In addition, a major challenge for monetary and fiscal policy-makers will be profiling adequate tax, credit, and interest rate policies to reduce debt and accelerate economic growth
Debt · Debt-to-GDP ratio · Economic and monetary union · Economic policy · Economics · Eu countries · European debt crisis · European integration · European union · Fiscal policy · Internal debt · International economics · Macroeconomics · Unemployment · Credit Risk and Financial Regulations · Fiscal Policies and Political Economy · Global Financial Crisis and Policies
Applied Longitudinal Analysis
Credit Booms Gone Bust
Best-Practice Recommendations for Defining, Identifying, and Handling Outliers
Growth in a Time of Debt
From Financial Crash to Debt Crisis
The Aftermath of Financial Crises
The Fight Against Unemployment
Testing Statistical Assumptions in Research
Unconventional Monetary Policies in the Euro Area, Japan, and the United Kingdom
The European Sovereign Debt Crisis
Legitimising discourses in the framework of European integration
Using the Correct Statistical Test for the Equality of Regression Coefficients
Debt and Deficit Growth Rate Reporting for Post-Communist European Union Member States
Structural causes of the global financial crisis
Intraclass correlations
Statistical Methods for Comparing Regression Coefficients Between Models
| Highly cited | No |
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