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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Main Authors: Ferraz Ricardo, Duarte António Portugal
Format: Article
Language:English
Published: Sciendo 2015-12-01
Series:Naše Gospodarstvo
Subjects:
e62
e65
h6
Online Access:https://doi.org/10.1515/ngoe-2015-0021
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spelling 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
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