| Abstract [eng] |
The final master's thesis analyzes public debt and its impact on economic growth in 2004 - 2019, in 28 European Union countries. The research consists of three parts: theoretical, methodological and empirical. The theoretical part of the final work defines the concept of public debt, describes its approach, classification and public debt management. The phenomenon of economic growth has been defined. The impact of public debt on the economy is theoretically singled out. Empirical researches are analyzed, which examines the impact of public debt on economic growth, systematizes the valuation methods used in the research, and identifies 3 main directions of the impact of public debt. The methodological part presents a theoretical evaluation model. The methodology for assessing public debt and its impact on economic growth, the organization of the study are described. Dependent / controlled variables will be used in the empirical part, tests are performed, the suitability of the selected data and their evaluation, research hypotheses are raised. In the empirical part of the master's thesis, a dynamic and regressive analysis of public debt was performed based on the data of the official statistical portals Eurostat and the World Bank. It has been established that in the countries of the European Union whose public debt exceeds 60%. as a share of GDP, average economic growth is faster than in countries with lower debt levels. A turning point has been found above which public debt no longer stimulates economic growth but, on the but begins to stall. |
