A classical German view of public debt and investment in Romania and other ex-socialist economies
Bibliographic Data
| ID | 15068458 |
|---|---|
| Authors | Gheorghe Săvoiu (0000-0002-9596-793X, University of Pitesti, corresponding author), Vasile Dinu (0000-0003-3606-2548, Bucharest University of Economic Studies), Marian Ţaicu (University of Pitesti) |
| Year | 2015 |
| Volume | 28 |
| Issue | 1 |
| Pages | 907-923 |
| Publication date | 2015-01-01 |
| Peer Reviewed | Yes |
| 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.2015.1083877 |
| OpenAlex | W2189831362 |
| Language | EN |
| References cited | 17 |
The article uses the angle, and it is placed under the influence of the contributions of the representatives of German classical financial economic school, from Carl Dietzel and Lorenz von Stein to Adolph Wagner, whose works, reassessed by Carl-Ludwig Holtfrerich in 2013, are comparable, through their originality, to the English and other European classical schools of economics. The section devoted to the literature review is based on the contributions of the three German economists; the section devoted to method critically analyses the ratio of public debt to GDP, highlighting both the positive aspects of this convergence indicator, and its negative sides, as a relative indicator constructed from comparing two completely different statistical indicators, i.e. stock and flow. The results and discussions focus on the evolution, over the last two decades, of the debt in Romania and other ex-socialist economies, emphasising the need to prioritise the quality of debt management through the agency of the investment factor derived from the overall impact of public debt, and the final conclusions emphasise the need for relativisation of thresholds, taking into account the behaviour of the economies analysed, placing relative emphasis on the case of Romania
Classical economics · Debt · Economics · Economy · German · Macroeconomics · Political science · Economic Theory and Policy · Fiscal Policies and Political Economy · History · Law
The financial revolution in England
History of Economic Analysis
This Time Is Different
The Debt-Deflation Theory of Great Depressions
The General Theory of Employment
Growth in a Time of Debt
The Theory of Moral Sentiments
The Entropy Law and the Economic Process
Income, Employment and Public Policy
Long-Run Implications of Alternative Fiscal Policies and the Burden of the National Debt
What is Capital
The Collected Works of F. A. Hayek
The National Debt
| Citation velocity | historical |
|---|---|
| Highly cited | No |