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  • 标题:Fiscal sustainability in Romania
  • 本地全文:下载
  • 作者:Ioan-Radu PETRARIU ; Lucian Constantin VÎLCU ; Iulian Cornel LOLEA
  • 期刊名称:Theoretical and Applied Economics
  • 印刷版ISSN:1841-8678
  • 电子版ISSN:1844-0029
  • 出版年度:2020
  • 卷号:XXVII
  • 期号:4
  • 页码:357-368
  • 语种:English
  • 出版社:Asociatia Generala a Economistilor din Romania - AGER
  • 摘要:In this paper we have tested the Romanian fiscal sustainability during the period between. In this way. In this regard, we analyzed the relationship between the public debt and primary budget deficit, and between public expenditure and public revenue in Romania. We aim to find out what if there are any type of relationships as Afonso and Jalles (2012) defined sustainability: unidirectional causality, bidirectional causality (perfect fiscal synchronization) and no causality. Hence, our approach was focused on testing fiscal sustainability in Romania and we have found that there was a sort of sustainability. In this period the policy makers took some measures in accordance with the definition of what fiscal sustainability should mean.
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