Romania’s Public Debt Per Capita

  • Oana Camelia Iacob Politehnica University of Bucharest
  • Nicolae Mihailescu Hyperion University of Bucharest
  • Catalin Coman Valahia University of Targoviste
DOI: https://doi.org/10.18662/lumproc/gidtp2018/13
Keywords: Romania’s public debt per capita, autoregressive econometric model, (regression) trend equation

Abstract

The econometric analysis presented in this study identify a model of dynamics of total public debt of Romania between 2001-2015 in the mathematic expression of an autoregressive equation which is statistically confirmed as a viable model because the requirements imposed for the formulation of this assessment are met. The econometric model highlights the fact that Romania’s public debt per capita will be foreseeably higher during the following years (2019 and 2020). This study has the value and utility of a preventive character information for the correction and substantiation of government decisions, in order to enclose the budget deficit in non inflationist limits, for a financial and budgetary policy which allows maintaining macroeconomic balances and economic stability of the country.

Author Biographies

Oana Camelia Iacob, Politehnica University of Bucharest

University POLITEHNICA of Bucharest

Nicolae Mihailescu, Hyperion University of Bucharest

Hyperion University of Bucharest

Catalin Coman, Valahia University of Targoviste

Valahia University of Targoviste

References

Burghelea C. Macroeconomics. Bucharest: Transversal Publishing House; 2014.

Tudorel A. Statistics and econometrics. Bucharest: The Economic Publishing House; 2003.

Tudorel A. Bourbonnais Regis, Econometrics. Bucharest: The Economic Publishing House; 2008.

Mihailescu N. Statistics and statistical bases of econometrics. Bucharest: Transversal Publishing House; 2014.

Baron T, Biji E, Tovissi L, Wagner P, Isaic-Maniu Al, Korka M, Porojan D. Theoretical and Economical Statistics. Bucharest: Didactic and Pedagogic Publishing House; 1996.

Published
2020-03-31
How to Cite
Iacob, O., Mihailescu, N., & Coman, C. (2020). Romania’s Public Debt Per Capita. LUMEN Proceedings, 10, 105-115. https://doi.org/10.18662/lumproc/gidtp2018/13
Issue
Vol 10 (2020): International Conference Globalization, Innovation and Development. Trends and Prospects (G.I.D.T.P.)
Section
Articles

Copyright (c) 2020 LUMEN Proceedings

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Selection and peer-review under responsibility of the Organizing Committee of the conference.
 This is an Open Access article distributed under the terms of the Creative Commons Attribution-Noncommercial 4.0 Unported License, permitting all non-commercial use, distribution, and reproduction in any medium, provided the original work is properly cited.