| Title |
Estimating the sustainable level of the general government debt in the european union / |
| Translation of Title |
Tvaraus valdžios sektoriaus skolos lygio nustatymas Europos Sąjungoje. |
| Authors |
Pieškutė, Milda |
| Full Text |
|
| Pages |
36 |
| Keywords [eng] |
fiscal reaction function, sustainable debt level, European Union, panel data model |
| Abstract [eng] |
Estimating the Sustainable Level of the General Government Debt in the European Union This thesis assesses the sustainable level of government debt to the countries of the European Union. The countries are divided into subgroups and, an attempt is made to determine the level of debt at which a government’s ability to increase the primary balance ratio as debt increases begins to decline. For the analysis, annual data for 2000–2019 are used, and panel models are estimated. The assessment found that the debt limits for all groups are high, but lower for small and open economies of the Baltic countries. Results also support the hypothesis that grouping more homogeneous countries could lead to more precise estimates. |
| Dissertation Institution |
Vilniaus universitetas. |
| Type |
Master thesis |
| Language |
English |
| Publication date |
2021 |
