Theoretical and Applied Economics
No. 4 / 2020 (625), Winter
On the relationship between economic growth and government debt for Bulgaria. Test of the Reinhart-Rogoff hypothesis
Yu HSING
Southeastern Louisiana University, USA
Southeastern Louisiana University, USA
Abstract. Based on an extended production function, this paper finds that the turning point of the government debt ratio for Bulgaria is estimated to be 45.2631%, suggesting that an increase in the debt ratio beyond 45.2631% will cause the growth rate of real GDP to decline. This turning point for Bulgaria is far less than the 90% turning point proposed by Reinhart and Rogoff. Therefore, the Reinhart-Rogoff hypothesis does not apply to Bulgaria.
Keywords: fiscal policy, government debt ratio, Reinhart-Rogoff hypothesis, debt threshold.
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Contents
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major objectives in the conditions of the pandemic
and economic-financial crisis
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Ștefan Daniel ARMEANU
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- Analysis of the correlation between taxation indicators
and economic growth at the macroeconomic level
in European Union and Romania
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- Measuring Adobe Company performance
from the perspective of a Complex Adaptive System
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Andrei VIȘAN
Mihaela POPESCU
- Welfare enhancing uncertainty
Sravaitri CHAUDHURI
- Business process modeling.
Using Unified Modeling Language to streamline
the design of the TO-BE system within a company
Ionuț NICA
Ștefan IONESCU
- Static and dynamic analysis
of intra-industry trade of BRICS countries
Kuldeep Kumar LOHANI
- Fossil fuel consumption, economic growth and CO2 emissions.
Causality evinced from the BRICS world
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Dr. Baljit KAUR
- Methods used in risk financing
Ana Maria POPESCU
Ștefan Virgil IACOB
Alina Eliza DABIJA
- Analyzing Romania GDP:
Final consumption, gross investment, and net exports
influence compared to previously published models
Alexander I. VILLANUEVA
- Analysis of the natural movement of the population
under the spectrum of the health crisis
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Mădălina-Gabriela ANGHEL
Ștefan Virgil IACOB
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- India and trade blocs: A gravity model analysis
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- Predicting the volatility in stock return of emerging economy:
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- Portfolio optimization with VaR approach:
A comparative analysis for Japan, London, New York and India
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- Income-dependent impacts of financial development
and human capital on economic growth.
A non-stationary panel analysis
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A.S. VALIPOUR
- Monetary policy and exchange rate pass-through in India
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Durbhita V VAISHNAV
- Institutions and economic growth:
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- Exports, imports and economic growth in India:
An empirical analysis
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- BEPS – A challenge for the increasing budget revenues
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- Implementation of public policies.
The compatibility of the model of public policy
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Luminița Gabriela POPESCU
- Fiscal sustainability in Romania
Ioan-Radu PETRARIU
Lucian Constantin VÎLCU
Iulian Cornel LOLEA
Liana VLADU
