Pregled bibliografske jedinice broj: 623350
The Impact of the Global Economic Crisis on the Indebtedness of the Southeast European Countries
The Impact of the Global Economic Crisis on the Indebtedness of the Southeast European Countries // Financial Aspects of Recent Trends in the Global Economy / Rajmund Mirdala (ur.).
Craiova: ASERS Publishing, 2013. str. 251-264
CROSBI ID: 623350 Za ispravke kontaktirajte CROSBI podršku putem web obrasca
Naslov
The Impact of the Global Economic Crisis on the Indebtedness of the Southeast European Countries
Autori
Kersan-Škabić, Ines
Vrsta, podvrsta i kategorija rada
Poglavlja u knjigama, znanstveni
Knjiga
Financial Aspects of Recent Trends in the Global Economy
Urednik/ci
Rajmund Mirdala
Izdavač
ASERS Publishing
Grad
Craiova
Godina
2013
Raspon stranica
251-264
ISBN
978-606-93129-5-7
Ključne riječi
debt crisis, foreign debt, Southeast Europe, current account deficits, "PIIGS"
Sažetak
The aim is to research the effects of the global economic crisis on the countries of the Southeast Europe, with a special emphasis on the level and sustainability of foreign debt. The level of foreign indebtedness has resulted from structural problems in the SEE’s i.e. internal and external imbalances. They have been faced with: increase in domestic spending (personal and public), higher growth of import than export, uncompetitiveness of domestic production and export, unfavorable production structure that has resulted in a weak recovery after crisis. In comparison with PI(I)GS the research shows that SEE countries are less indebted and they also have a smaller share of public debt in their GDP’s. Econometric analysis indicates the importance of balance of payment disequilibria as determination of foreign debt. Current account deficit, FDI inflows and occurrence of crisis have positive influence on foreign debt, while budget deficit does not have significant impact.
Izvorni jezik
Engleski
Znanstvena područja
Ekonomija
