Metrika članka

  • citati u SCindeksu: 0
  • citati u CrossRef-u:0
  • citati u Google Scholaru:[=>]
  • posete u poslednjih 30 dana:5
  • preuzimanja u poslednjih 30 dana:3
članak: 5 od 22  
Back povratak na rezultate
Serbian Journal of Management
2018, vol. 13, br. 2, str. 251-262
jezik rada: engleski
vrsta rada: originalan članak
objavljeno: 29/11/2018
doi: 10.5937/sjm13-18826
Creative Commons License 4.0
Rast javnog duga, velika recesija i fiskalna konsolidacija - primer iz Srbije
Institut ekonomskih nauka, Beograd

e-adresa: vladimir.andric@ien.bg.ac.rs

Sažetak

U ovom radu analizirana je dinamika rasta javnog duga u Srbiji između četvrtog kvartala 2004. i istog kvartala 2017. godine. Empirijske procene beleže uzlazne pomake u rastu javnog duga od početka velike recesije. Rezultati takođe pokazuju kako su kreatori politike uspeli da zaustave rast javnog duga u Srbiji u ovom periodu. Međutim, na osnovu ovog istraživanja je zaključeno i da bi vlada trebalo da uloži veće fiskalne napore na smanjenju ukupnog učešća javnog duga u bruto domaćem proizvodu u skladu sa fiskalnim pravilima Republike Srbije i kriterijima konvergencije iz Mastrihta.

Ključne reči

Reference

Afonso, A., Jalles, J.T. (2012) Revisiting fiscal sustainability-panel cointegration and structural breaks in OECD countries. European Central Bank (ECB) Working Paper, No. 1465
Andric, V., Arsic, M., Nojkovic, A. (2016) Public debt sustainability in Serbia before and during the global financial crisis. Ekonomski anali, 61(210): 47-77
Andrić, V., Arsić, M., Nojković, A. (2016) Fiscal reaction to interest payments: The case of Serbia. Industrija, vol. 44, br. 3, str. 117-144
Arsić, M., Nojković, A., Ranđelović, S. (2013) Would economic recovery imply fiscal stabilization in Serbia?. Ekonomika preduzeća, vol. 61, br. 3-4, str. 222-237
Bai, J. (1997) Estimation of a Change Point in Multiple Regression Models. Review of Economics and Statistics, 79(4): 551-563
Bai, J., Pierre, P. (1998) Estimating and testing linear models with multiple structural changes. Econometrica, 66(1): 47
Bai, J., Perron, P. (2003) Computation and analysis of multiple structural change models. Journal of Applied Econometrics, 18(1): 1
Bai, J., Perron, P. (2003) Critical values for multiple structural change tests. Econometrics Journal, 6(1): 72
Bakker, B.B., Christiansen, L.E. (2011) Crisis and consolidation-fiscal challenges in emerging Europe. u: Eller M., Mooslechner P., Ritzberger-Grunwall D. [ur.] Limited Fiscal Space in CESEE: Needs and Options for Post-Crisis Reform, Vienna, Austria: Oesterreichische Nationalbank, 25-41
Berglof, E., Korniyenko, Y., Plekhanov, A., Zettelmeyer, J. (2009) Understanding the crisis in emerging Europe. EBRD Working Paper, br. 109
Bohn, H. (2005) The sustainability of fiscal policy in the United States. CESifo, Working Paper n'1446
Bornhorst, F., Fedelino, A., Gottschalk, J., Dobrescu, G. (2011) When and How to Adjust Beyond the Business Cycle? A Guide to Structural Fiscal Balances. Technical Notes and Manuals, 11(02): 1
Cafiso, G. (2012) A Guide to Public Debt Equations. University of Catania
Darvas, Z. (2009) The impact of the crisis on budget policy in Central and Eastern Europe. Bruegel Working Paper, Bruegel, 0904
Despotović, D., Durkalić, D. (2017) Analysis of budget deficit in the candidate countries for EU membership. Serbian Journal of Management, vol. 12, br. 2, str. 237-253
Dimova, D., Kongsamut, P., Vandenbussche, J. (2016) Macroprudential Policies in Southeastern Europe. IMF Working Papers, 16(29): 1
Elliott, G., Rothenberg, T.J., Stock, J.H. (1996) Efficient Tests for an Autoregressive Unit Root. Econometrica, 64(4): 813
Hakkio, C.S., Rush, M. (1991) Is the budget deficit “too large?”. Economic Inquiry, 29(3): 429-445
Izák, V. (2009) Primary balance, public debt and fiscal variables in postsocialist members of the european union. Prague Economic Papers, 18(2): 114-130
Jawadi, F., Sousa, R.M. (2013) Structural breaks and nonlinearity in US and UK public debts. Applied Economics Letters, 20(7): 653-657
Koczan, Z. (2015) Fiscal Deficit and Public Debt in the Western Balkans: 15 Years of Economic Transition. IMF Working Papers, 15(172): 1
Krajewski, P., Mackiewicz, M., Szymańska, A. (2016) Fiscal Sustainability in Central and Eastern European Countries - A Post-Crisis Assessment. Prague Economic Papers, 25(2): 175-188
Lee, J., Strazicich, M.C. (2003) Minimum Lagrange Multiplier Unit Root Test with Two Structural Breaks. Review of Economics and Statistics, 85(4): 1082-1089
Lovre, I., Ivanović-Munitlak, O., Mitić, P. (2017) Analysis of public sector efficiency in developed countries. Economic analysis, 50(1/2); 38-49
Lumsdaine, R.L., Papell, D.H. (1997) Multiple Trend Breaks and the Unit-Root Hypothesis. Review of Economics and Statistics, 79(2): 212-218
Mahadeva, L., Robinson, P. (2004) Unit root testing to help model building. u: Handbooks in Central Banking, Bank of England-Centre for Central Banking Studies, No. 22
Martins, F.N., Portugal, D.A. (2014) The public finance and the economic growth in the First Portuguese Republic. Economic Analysis, vol. 47, br. 1-2, str. 59-75
Ng, S., Perron, P. (2001) LAG Length Selection and the Construction of Unit Root Tests with Good Size and Power. Econometrica, 69(6): 1519-1554
Spadafora, F., Cocozza, E., Colabella, A. (2011) The Impact of the Global Crisison South-Eastern Europe. IMF Working Papers, 11(300): i
Uctum, M., Thurston, T., Uctum, R. (2006) Public Debt, the Unit Root Hypothesis and Structural Breaks: A Multi-Country Analysis. Economica, 73(289): 129-156
Vogelsang, T., Perron, P. (1998) Additional tests for a unit root allowing for a break in the trend function at an unknown time. International Economic Review, 39, (4), 1073-1100
Von, H.J., Wolff, G.B. (2006) What do deficits tell us about debt? Empirical evidence on creative accounting with fiscal rules in the EU. Journal of Banking & Finance, 30(12): 3259-3279
Yildiz, H., Yildirim, Ç.D. (2014) An empirical study on fiscal sustainability in Eurozone. Serbian Journal of Management, vol. 9, br. 1, str. 59-70
Zivot, E., Andrews, D. (1992) Further evidence on the great crash, the oil-price shock, and the unit-root hypothesis. Journal of Business & Economic Statistics, 10(3): 251