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

Avtorji

  • Ricardo Ferraz ,
  • António Portugal Duarte ,

Ključne besede:

ekonomska rast, Portugalska, PIIGS, javni dolg

Povzetek

Portugalska je članica skupine držav, investitorjem poznane kot PIIGS, ki jo označujeta visok javni dolg in šibka gospodarska rast. V tej raziskavi smo v razširjenem obdobju 1974–2014 empirično preverili povezavo med ekonomsko rastjo in javnim dolgom v gospodarstvih PIIGS in na Portugalskem. Na osnovi ocene linearnih regresijskih modelov ugotavljamo, da je v zadnjih štirih desetletjih v obeh primerih povezava med ekonomsko rastjo in javnim dolgom negativna, kar je skladno z literaturo. Negativna povezava je bila celo bolj izrazita v gospodarstvih PIIGS kot na Portugalskem.

Biografije avtorja

  • Ricardo Ferraz, ,

    Lisbon School of Economics and Management, Lisbon, Portugalska
    E-pošta: ricardoferraz1984@hotmail.com

    Ricardo Ferraz has a Ph.D. in economics and social history from the Lisbon School of Economics and Management (ISEG), Lisbon, Portugal. He is a post-doctoral researcher for Gabinete de História Económica e Social (GHES) of the consortium CSG of the Lisbon School of Economics and Management (ISEG), Lisbon, Portugal. He is an economic adviser at the Portuguese Parliament, having worked with the Comissão Eventual para Acompanhamento das Medidas do Programa de Assistência Financeira a Portugal, the committee specifically created to monitor Portugal’s implementation of the terms of the Memorandum of Understanding of the Financial Assistance Programme to Portugal (2011–2014).

  • António Portugal Duarte, ,

    Faculty of Economics, University of Coimbra, Portugalska
    E-pošta: portugal@fe.uc.pt

    António Portugal Duarte earned a Ph.D. in economics and is a senior professor at the Faculty of Economics (FEUC), University of Coimbra, Portugal and Research Fellow, Grupo de Estudos Monetários e Financeiros (GEMF) of the Faculty of Economics (FEUC), University of Coimbra, Portugal. He was an honorary visiting research fellow at Birkbeck College, University of London, Department of Economics, Mathematics and Statistics, London, UK. (March 1, 2015 – May 30, 2015). He also served as a visiting professor at the Faculty of National Economy, University of Economics in Bratislava, Slovakia (November 2014) and at the Belgrade Banking Academy, Faculty for Banking, Insurance and Finance, Belgrade, Serbia (December 2014).

     

Literatura

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Reinhart, C., & Rogoff, K. (2010). Growth in a time of debt. American Economic Review, 100(2), 573–578. http://dx.doi.org/10.1257/aer.100.2.573

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Prenosi

Objavljeno

29.07.2015

Številka

Letn. 61 Št. 6 (2015): Naše gospodarstvo / Our economy

Rubrika

Articles

Kako citirati

Ferraz, R., & Portugal Duarte, A. (2015). Economic Growth and Public Indebtedness in the Last Four Decades: Is Portugal different from the other PIIGS’ economies?. Naše Gospodarstvo Our Economy, 61(6), 3-11. https://old.journals.um.si/index.php/oe/article/view/2245