<abstract xmlns="http://www.w3.org/1999/xhtml"><p>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.</p></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.

Economic Growth and Public Indebtedness in the Last Four Decades: Is Portugal different from the other PIIGS’ economies?

Lisbon School of Economics and Management, Lisbon, Portugal

Faculty of Economics, University of Coimbra, Portugal

Naše gospodarstvo/Our economy

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Gospodarska rast in javna zadolženost v zadnjih štirih desetletjih: je Portugalska drugačna od drugih PIIGS-gospodarstev?

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...

Economic Growth and Public Indebtedness in the Last Four Decades: Is Portugal different from the other PIIGS’ economies?

Publié en ligne: 30 déc. 2015

Pages: 3 - 11

Reçu: 01 mai 2015

Accepté: 01 nov. 2015

DOI: https://doi.org/10.1515/ngoe-2015-0021

Mots clés
Economic Growth, Portugal, ‘PIIGS’, Public Debt

© 2015 Ricardo Ferraz et al., published by De Gruyter Open

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Economic Growth and Public Indebtedness in the Last Four Decades: Is Portugal different from the other PIIGS’ economies?

Publié en ligne: 30 déc. 2015

Pages: 3 - 11

Reçu: 01 mai 2015

Accepté: 01 nov. 2015

DOI: https://doi.org/10.1515/ngoe-2015-0021

Mots clésEconomic Growth, Portugal, ‘PIIGS’, Public Debt

© 2015 Ricardo Ferraz et al., published by De Gruyter Open

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Mots clés
Economic Growth, Portugal, ‘PIIGS’, Public Debt