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  • 标题:FACTORS GENERATING PUBLIC INDEBTEDNESS IN DEVELOPED ECONOMIES
  • 本地全文:下载
  • 作者:Angela ROMAN ; Irina BILAN
  • 期刊名称:Scientific Annals of the “Alexandru Ioan Cuza” University of Iasi – Economic Sciences Series
  • 印刷版ISSN:2501-1960
  • 电子版ISSN:2501-3165
  • 出版年度:2008
  • 卷号:2008
  • 出版社:Sciendo
  • 摘要:This paper aims at pointing out the factors that have led to the accumulation of public debt in the countries currently considered as developed. It first analyzes the dynamics of public debt in industrialized countries, putting into light that its level has always been high. Establishing that a direct correlation exists between the evolution of the budget balance and public debt, it afterwards emphasizes the causes of budget deficits and, implicitly, of public debt by minutely analyzing the particularities concerning the level and structure of budget revenues and expenditures in developed countries.
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