Accès libre

Determinants of Government Debt in the Member States of the European Union: Sources of Fiscal Risk

À propos de cet article

Citez

Allen, F., Carletti, E., Goldstein, I., & Leonello, A. (2018). Government guarantees and financial stability, Journal of Economic Theory, 177, 518-557.10.1016/j.jet.2018.06.007 Search in Google Scholar

Bajo, A., & Primorac, M. (2011). Government guarantees and public debt in Croatia, Financial Theory and Practice, 35(3), 253-276.10.3326/fintp.35.3.1 Search in Google Scholar

Baltagi, B.H. (2008). Econometric Analysis of Panel Data, John Wiley & Sons Ltd. Search in Google Scholar

Baum, C. F. (2001). Residual diagnostics for cross-section time series regression models. The Stata Journal, 1(1), 101-104.10.1177/1536867X0100100108 Search in Google Scholar

Brezeanu, P. (2010). Fiscalitate. Concepte, teorii, politici și abordări practice, Editura Wolterskluwer. Search in Google Scholar

Brixi, H. P., & Schick, A. (2002). Government at Risk: Contingent Liabilities and Fiscal Risk, Copublication of the World Bank and Oxford University Press, Washington.10.1596/978-0-8213-4835-2 Search in Google Scholar

Buso, M., Marty, F. & Tran, P.T. (2016), Public-Private Partnerships from Budget Constraints: Looking for Debt Hiding?, International Journal of Industrial Organization, 51, 56-84.10.1016/j.ijindorg.2016.12.002 Search in Google Scholar

Cebotari, A., Davis, J., Lusinyan, L., Mati, A., Mauro, P., Petrie, M., Velloso, R. (2008). Fiscal Risks-Sources, Disclosure, and Management, International Monetary Fund.10.5089/9781498334525.007 Search in Google Scholar

Cecchetti, S.G., Mohanty, M.S., & Zampolli, F. (2011). Achieving Growth Amid Fiscal Imbalances: The Real Effects of Debt, Economic Symposium Conference Proceedings, Jackson Hole: Federal Reserve Bank of Kansas City, 145-196. Search in Google Scholar

Chun-Ping, C., Chien-Chiang, L., Gen-Fu, F. & Shao-Lin, N. (2016). Does higher government debt link to higher social expenditure? New method, new evidence, Applied Economics, 48(16), 1429-1451.10.1080/00036846.2015.1044745 Search in Google Scholar

Cordella, T., Dell’Ariccia, G. & Marquez, R. (2018). Government Guarantees, Transparency, and Bank Risk Taking, IMF Economic Review, 66, 116-143.10.1057/s41308-018-0049-5 Search in Google Scholar

European Commission (2003). Guidelines for successful public-private partnerships Search in Google Scholar

European Commission (2011). Tax reforms in EU Member States, Tax policy challenges for economic growth and fiscal sustainability, Luxembourg: Office for Official Publications of the European Communities. Search in Google Scholar

European Communities (2006). Guarantees and mutual guarantees, Best Reports no. 3, Luxembourg: Office for Official Publications of the European Communities. Search in Google Scholar

Everaert G., Fouad, M., Martin, E. & Velloso, R. (2009). Disclosing Fiscal Risks in the Post – Crisis World, IMF Staff Position Note, no. SPN/09/18.10.5089/9781455241125.004 Search in Google Scholar

Gargouri, I. & Ksantini, M. (2016). The Determinants of Public Debt, The Romanian Economic Journal, 59. Search in Google Scholar

Hanson, S.G., Scharfstein, D.S., & Sunderam, A. (2019). Social Risk, Fiscal Risk, and the Portfolio of Government Programs, Harvard Business School, Review of Financial Studies, 32(6), 2341-2382.10.1093/rfs/hhy086 Search in Google Scholar

Hemming, R., Anderson, B., Alier, M., Petrie, M. & Cangiano, M. (2006). Public-Private Partnerships, Government Guarantees and Fiscal Risk, International Monetary Fund. Search in Google Scholar

Lora, E. & Olivera, M. (2006). Public Debt and Social Expenditure: Friends or Foes?, Working Paper No. 563, Inter-American Development Bank, Research Department, Washington DC.10.2139/ssrn.1820042 Search in Google Scholar

Makri, V., Tsagkanos, A. & Bellas, A. (2014). Determinants of Non-Performing Loans: The Case of Eurozone. Panoeconomicus. 61, 193-206.10.2298/PAN1402193M Search in Google Scholar

Mirdala, R. (2014). Periods of Fiscal Consolidation in Selected European Economies, Procedia Economics and Finance: Emerging Markets Queries in Finance and Business, Elsevier, 137-145.10.1016/S2212-5671(14)00462-6 Search in Google Scholar

Muehlenkamp, H. (2014). PPP and Government Debt. CESifo DICE Report, 12, 24-30. Search in Google Scholar

Omrane Belguith, S. & Omrane, H. (2017), Macroeconomic determinants of public debt growth: A case study for Tunisia. Theoretical and Applied Economics, 4(613), 161-168. Search in Google Scholar

Petrie, M. (2013). Managing Fiscal Risk. The International Handbook of Public Financial Management, Palgrave Macmillan, London, 590-618.10.1057/9781137315304_29 Search in Google Scholar

Porumboiu, A.E., and Brezeanu, P. (2019). A Literature Review on Fiscal Risks. Finance - challenges of the Future, Universitaria Publishing House, XIX (21), 107-112. Search in Google Scholar

Raad voor het Regeringsbeleid, W. & Scientific Council for Government Policy (2009). The Classical Risk Approach and the Allocation of Responsibilities. Uncertain Safety: Allocating Responsibilities for Safety, Amsterdam University Press, 45-74. Search in Google Scholar

Raisová, M., Pavliková, Ľ., & Semančíková, J. (2016). The impact of social expenditure on public debt in the Czech Republic and Slovakia. Economics and Management.10.15240/tul/001/2016-3-011 Search in Google Scholar

Reinhart, C., & Rogoff, K. (2008). This Time Is Different. Eight Centuries of Financial Folly, Princeton University Press.10.1515/9781400831722 Search in Google Scholar

Rinaldi, L. & Sanchis-Arellano, A. (2006). Household Debt Sustainability: What Explains Household Non-Performing Loans? An Empirical Analysis. ECB Working Paper, 570.10.2139/ssrn.872528 Search in Google Scholar

eISSN:
2558-9652
Langue:
Anglais