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Original scientific paper
https://doi.org/10.30924/mjcmi/2018.23.2.81

Public debt in new EU member states – Panel data analysis and managerial implications

Mario Pečarić   ORCID icon orcid.org/0000-0003-3214-5231 ; University of Split, Faculty of Economics, Business and Tourism, Split, Croatia
Vlado Slišković   ORCID icon orcid.org/0000-0002-8679-669X ; University of Split, Faculty of Economics, Business and Tourism, Split, Croatia (PhD student)
Tino Kusanović ; University of Split, Department of professional studies, Split, Croatia

Fulltext: english, pdf (3 MB) pages 81-97 downloads: 428* cite
APA 6th Edition
Pečarić, M., Slišković, V. & Kusanović, T. (2018). Public debt in new EU member states – Panel data analysis and managerial implications. Management, 23 (1), 81-97. https://doi.org/10.30924/mjcmi/2018.23.2.81
MLA 8th Edition
Pečarić, Mario, et al. "Public debt in new EU member states – Panel data analysis and managerial implications." Management, vol. 23, no. 1, 2018, pp. 81-97. https://doi.org/10.30924/mjcmi/2018.23.2.81. Accessed 24 Oct. 2020.
Chicago 17th Edition
Pečarić, Mario, Vlado Slišković and Tino Kusanović. "Public debt in new EU member states – Panel data analysis and managerial implications." Management 23, no. 1 (2018): 81-97. https://doi.org/10.30924/mjcmi/2018.23.2.81
Harvard
Pečarić, M., Slišković, V., and Kusanović, T. (2018). 'Public debt in new EU member states – Panel data analysis and managerial implications', Management, 23(1), pp. 81-97. https://doi.org/10.30924/mjcmi/2018.23.2.81
Vancouver
Pečarić M, Slišković V, Kusanović T. Public debt in new EU member states – Panel data analysis and managerial implications. Management [Internet]. 2018 [cited 2020 October 24];23(1):81-97. https://doi.org/10.30924/mjcmi/2018.23.2.81
IEEE
M. Pečarić, V. Slišković and T. Kusanović, "Public debt in new EU member states – Panel data analysis and managerial implications", Management, vol.23, no. 1, pp. 81-97, 2018. [Online]. https://doi.org/10.30924/mjcmi/2018.23.2.81

Abstracts
The paper argues that it is impossible to resolve the public debt problem within the existing economic policy model without changing the conceptual relationship between monetary and fiscal policy, i.e. without reconfirming the relationship between the policies and without strengthening the fiscal policy role. Otherwise, it is believed, the current model leads to a recession, while public debt problem remains unresolved. The existing model does not question the creation and structure of private debt and its effects on public debt, but the attention is given only to irresponsible fiscal policy. Understanding the public debt determinants is a prerequisite for effective public debt management and for private agents’ positive expectations. In the paper, several managerial implications of the research results are, also, identified and presented.

Keywords
public debt management; EU monetary and fiscal policy; determinants of public debt

Hrčak ID: 202348

URI
https://hrcak.srce.hr/202348

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