Izvorni znanstveni članak
https://doi.org/10.17818/DIEM/2025/1.1
DETERMINANTS OF PUBLIC INDEBTEDNESS IN THE WESTERN BALKAN COUNTRIES
Mila Gadžić
; University of Mostar, Faculty of Economics, Bosnia and Herzegovina
Jelena Jurić
orcid.org/0000-0002-2731-059X
; University of Mostar, Faculty of Economics, Bosnia and Herzegovina
Sažetak
High public debt accumulated in the last decade all over European and Western Balkan countries threatens to jeopardize sustainability of budgetary policies and public finances in a whole. Further increase of public indebtedness should be expected in the future regarding economic situation in Europe as well as globally. It is important that further increase of indebtedness should be adjusted with other macroeconomic goals and current economic situation. Therefore, it is important to determine which economic factors could affect public indebtedness in certain country. The aim of this paperwork is through econometric analysis to investigate macroeconomic determinants of public indebtedness in selected countries of the Western Balkan and make comparative analysis with the selected Central and Eastern European countries. This research will investigate possible effects of economic growth, debt stock, fiscal balance, gross fixed capital formation, inflation and foreign direct investment on indebtedness in the selected countries in the period 2007 – 2023. The obtained results will be used to analyse determinants within selected sample and to compare possible differences between two groups of countries within the sample. Results of analysis will be also used to make conclusions and give certain guidelines for fiscal policy, public finances and debt management in the Western Balkan countries.
Ključne riječi
public indebtedness; economic determinants; Western Balkan
Hrčak ID:
331958
URI
Datum izdavanja:
10.6.2025.
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