Sustainability of public debt: An example of selected European Union countries

Murat BEŞER

Makale detayları

Sustainability of public debt: An example of selected European Union countries

Yazarlar:

Murat BEŞER

Yayıncı:

Ataturk University

Ana Başlıklar:

Ekonomi ve Maliye

Dergi:

Journal of Economics and Administrative Sciences 2022 Vol.36 Issue 2, pp.195-202

Belge Tipi:

Makale

Yayın Tarihi:

4/2022

Belge Dili:

İngilizce

Document ID (Org No.):

2000678325

Sıklık:

Üç Aylık

eISSN:

2822-2652

Özet:

 

The 2008 Mortgage crisis that emerges in the United States affected almost all countries in the world. Following this effect, a new crisis, namely the debt crisis, appeared in Europe. Greece, Spain, Italy, Ireland and Portugal have been the country’s most strongly affected by this crisis. As a consequence of the 2008 global financial crisis, the sustainability of increasing public debt has been a matter of debate. Within this context, in the study, the sustainability of public debt for the European Union countries with the highest public debt was examined with the help of different unit root tests using the annual data of 1995-2018. Based on the results of the study, public debt in the investigated countries was found to be sustainable.

 

The 2008 Mortgage crisis that emerges in the United States affected almost all countries in the world. Following this effect, a new crisis, namely the debt crisis, appeared in Europe. Greece, Spain, Italy, Ireland and Portugal have been the country’s most strongly affected by this crisis. As a consequence of the 2008 global financial crisis, the sustainability of increasing public debt has been a matter of debate. Within this context, in the study, the sustainability of public debt for the European Union countries with the highest public debt was examined with the help of different unit root tests using the annual data of 1995-2018. Based on the results of the study, public debt in the investigated countries was found to be sustainable.

Makale detayları

Sustainability of public debt: An example of selected European Union countries

Yazarlar: Murat BEŞER

Yayıncı: Ataturk University

Ana Başlıklar: Ekonomi ve Maliye

Dergi: Journal of Economics and Administrative Sciences 2022 Vol.36 Issue 2, pp.195-202

Belge Tipi: Makale

Yayın Tarihi: 4/2022

Belge Dili: İngilizce

Document ID (Org No.): 2000678325

Sıklık: Üç Aylık

eISSN: 2822-2652

Sayı

Yazarlar:

Murat BEŞER

Yayıncı:

Ataturk University

Ana Başlıklar:

Ekonomi ve Maliye

Dergi:

Journal of Economics and Administrative Sciences 2022 Vol.36 Issue 2, pp.195-202

Belge Tipi:

Makale

Yayın Tarihi:

4/2022

Belge Dili:

İngilizce

Document ID (Org No.):

2000678325

Sıklık:

Üç Aylık

eISSN:

2822-2652