MURÍN, Martin. Debt Behaviour of Czech and Slovak Governments: Stock-Flow Adjustment Analysis of Post-Crisis Period. Online. In Ing. Veronika Nálepová, Ph.D. Proceedings of the International Scientific Conference ECONOMIC AND SOCIAL POLICY: Economic and Social Challenges for European Economy. Ostrava: Vysoká škola PRIGO, 2019, p. 413-428. ISBN 978-80-87291-25-2.
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Basic information
Original name Debt Behaviour of Czech and Slovak Governments: Stock-Flow Adjustment Analysis of Post-Crisis Period
Name (in English) Debt Behaviour of Czech and Slovak Governments: Stock-Flow Adjustment Analysis of Post-Crisis Period
Authors MURÍN, Martin (703 Slovakia, guarantor, belonging to the institution).
Edition Ostrava, Proceedings of the International Scientific Conference ECONOMIC AND SOCIAL POLICY: Economic and Social Challenges for European Economy, p. 413-428, 16 pp. 2019.
Publisher Vysoká škola PRIGO
Other information
Original language Slovak
Type of outcome Proceedings paper
Field of Study 50200 5.2 Economics and Business
Country of publisher Czech Republic
Confidentiality degree is not subject to a state or trade secret
Publication form electronic version available online
WWW URL
RIV identification code RIV/00216224:14560/19:00112199
Organization unit Faculty of Economics and Administration
ISBN 978-80-87291-25-2
ISSN 2571-1776
Keywords (in Czech) Public Debt; Fiscal Deficit; Stock-Flow Adjustment
Keywords in English Public Debt; Fiscal Deficit; Stock-Flow Adjustment
Tags International impact, Reviewed
Changed by Changed by: Mgr. Pavel Sedláček, učo 23217. Changed: 8/4/2020 12:27.
Abstract
The public debt is one of the most monitored macroeconomic indicators. During recent history, it reaches a high ratio to the GDP in advanced countries. Several economists believe that the level of government indebtedness is attacking a threshold which is bearable for the economy. The study aims to describe the development of debt quota in the Czech Republic and Slovakia from 2007 to 2016. Based on the results, the debt quota changes it is shown that while the indebtedness of these two countries is low relative to the OECD, Slovak public finance seems to be in more danger than the Czech. Slovakia has been impotent to create primary surplus even during the period of high economic performance. The main reason why the Slovak debt to GDP was able to decline since 2012 is a good macroeconomic environment creating low-interest rates and high growth of GDP.
Abstract (in English)
The public debt is one of the most monitored macroeconomic indicators. During recent history, it reaches a high ratio to the GDP in advanced countries. Several economists believe that the level of government indebtedness is attacking a threshold which is bearable for the economy. The study aims to describe the development of debt quota in the Czech Republic and Slovakia from 2007 to 2016. Based on the results, the debt quota changes it is shown that while the indebtedness of these two countries is low relative to the OECD, Slovak public finance seems to be in more danger than the Czech. Slovakia has been impotent to create primary surplus even during the period of high economic performance. The main reason why the Slovak debt to GDP was able to decline since 2012 is a good macroeconomic environment creating low-interest rates and high growth of GDP.
Links
MUNI/A/1131/2018, interní kód MUName: Čo robia politici zle? Vybrané problémy verejných financií vo vzťahu k ekonomickému rastu vyspelých krajín sveta (Acronym: VerFinEkoRast)
Investor: Masaryk University, Category A
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