Economic Growth and Public Indebtedness in the Last Four Decades: Is Portugal different from the other PIIGS’ economies?
Portugal is a member of the group known by investors as ‘PIIGS’, countries characterised by having high public debt and weak economic growth. Using an extended time horizon, 1974–2014, this study seeks to empirically explore the relationship between economic growth and public debt in the PIIGS econo...
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Online Access: | https://doi.org/10.1515/ngoe-2015-0021 |
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doaj-8f4f4d1e2dc94a2fb53477486214319a2021-09-06T19:21:04ZengSciendoNaše Gospodarstvo2385-80522015-12-0161631110.1515/ngoe-2015-0021ngoe-2015-0021Economic Growth and Public Indebtedness in the Last Four Decades: Is Portugal different from the other PIIGS’ economies?Ferraz Ricardo0Duarte António Portugal1Lisbon School of Economics and Management, Lisbon, PortugalFaculty of Economics, University of Coimbra, PortugalPortugal is a member of the group known by investors as ‘PIIGS’, countries characterised by having high public debt and weak economic growth. Using an extended time horizon, 1974–2014, this study seeks to empirically explore the relationship between economic growth and public debt in the PIIGS economies, particularly in the case of Portugal. Based on the estimation of linear regression models, it was concluded that in the last four decades there has been a negative relationship between economic growth and public debt in both cases, which is consistent with the literature. The negative relationship was even more pronounced in the case of the PIIGS than it was in the case of Portugal.https://doi.org/10.1515/ngoe-2015-0021economic growthportugal‘piigs’public debtekonomska rastportugalskapiigsjavni dolge62e65h6 |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Ferraz Ricardo Duarte António Portugal |
spellingShingle |
Ferraz Ricardo Duarte António Portugal Economic Growth and Public Indebtedness in the Last Four Decades: Is Portugal different from the other PIIGS’ economies? Naše Gospodarstvo economic growth portugal ‘piigs’ public debt ekonomska rast portugalska piigs javni dolg e62 e65 h6 |
author_facet |
Ferraz Ricardo Duarte António Portugal |
author_sort |
Ferraz Ricardo |
title |
Economic Growth and Public Indebtedness in the Last Four Decades: Is Portugal different from the other PIIGS’ economies? |
title_short |
Economic Growth and Public Indebtedness in the Last Four Decades: Is Portugal different from the other PIIGS’ economies? |
title_full |
Economic Growth and Public Indebtedness in the Last Four Decades: Is Portugal different from the other PIIGS’ economies? |
title_fullStr |
Economic Growth and Public Indebtedness in the Last Four Decades: Is Portugal different from the other PIIGS’ economies? |
title_full_unstemmed |
Economic Growth and Public Indebtedness in the Last Four Decades: Is Portugal different from the other PIIGS’ economies? |
title_sort |
economic growth and public indebtedness in the last four decades: is portugal different from the other piigs’ economies? |
publisher |
Sciendo |
series |
Naše Gospodarstvo |
issn |
2385-8052 |
publishDate |
2015-12-01 |
description |
Portugal is a member of the group known by investors as ‘PIIGS’, countries characterised by having high public debt and weak economic growth. Using an extended time horizon, 1974–2014, this study seeks to empirically explore the relationship between economic growth and public debt in the PIIGS economies, particularly in the case of Portugal. Based on the estimation of linear regression models, it was concluded that in the last four decades there has been a negative relationship between economic growth and public debt in both cases, which is consistent with the literature. The negative relationship was even more pronounced in the case of the PIIGS than it was in the case of Portugal. |
topic |
economic growth portugal ‘piigs’ public debt ekonomska rast portugalska piigs javni dolg e62 e65 h6 |
url |
https://doi.org/10.1515/ngoe-2015-0021 |
work_keys_str_mv |
AT ferrazricardo economicgrowthandpublicindebtednessinthelastfourdecadesisportugaldifferentfromtheotherpiigseconomies AT duarteantonioportugal economicgrowthandpublicindebtednessinthelastfourdecadesisportugaldifferentfromtheotherpiigseconomies |
_version_ |
1717775310307459072 |