Determinanty zróżnicowania zmian wskaźnika długu publicznego w krajach UE 15 w latach 2000-2014

• Authors: Grabia Tomasz

Title variants

EN

Determinants of the diversification of changes in public debt ratios in the EU-15 countries in the years 2000-2014

• Languages of publication: PL

Abstracts

EN

The aim of the article is to identify the determinants of changes in public debt ratios in the developed countries of the EU (EU-15). The analysis was based on the observations of the average values of analysed variables in particular countries throughout the study period and over two sub-periods: 2001-2007 and 2008-2014. On the basis of the article it can be concluded that the diversification of changes in public debt ratios resulted mainly from varying budget and primary balances (the lower the deficits, the lower the increases in public debt ratios) and, to a smaller extent, also from varying interest rates on bonds (the lower the interest rates, the lower the increases in public debt ratios) as well as varying economic growth rates (the higher the economic growth rates, the lower the rises in public debt ratios).

Keywords

EN

public debt; GDP growth rate; inflation rate; interest rate; rating; budget balance; primary balance

• Publisher: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
• Journal: Nauki o Finansach
• Year: 2015
• Issue: 3(24)
• Pages: 25-46

Contributors

author

Grabia Tomasz

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