A PANEL DATA ANALYSIS ON THE DETERMINANTS OF FINANCIAL EQUILIBRIUM IN ROMANIAN COUNTIES
The article draws on how public debt influences financial equilibrium of six Romanian counties during a time span of one decade (2007–2016). By means of panel data analyses conducted via panel estimated generalized least squares with cross-section weights, empirial results obtained on financial da...
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| Format: | Article |
| Language: | English |
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Academica Brâncuşi
2021-02-01
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| Series: | Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie |
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| Online Access: | https://www.utgjiu.ro/revista/ec/pdf/2021-01/06_Batrancea.pdf |
| Summary: | The article draws on how public debt influences financial equilibrium of six Romanian counties during a time
span of one decade (2007–2016). By means of panel data analyses conducted via panel estimated generalized least
squares with cross-section weights, empirial results obtained on financial data measuring public det, current liquidity
and solvency revealed a strong relationship between these indicators. Both short-term and long-term financial equilibria
were significantly determined by public debt indicators. Insights provided by this study could assist public authorities at
county level in implementing efficient strategies that aim to maintain the financial equilibrium of public institutions and
best serve citizens’ interests.
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| ISSN: | 1844-7007 |