Asset Details
Do you wish to reserve the book?
PUBLIC DEBT SUSTAINABILITY IN POST-2000 EU MEMBER STATES WITH EURO ADOPTION: A PENALIZED SPLINE REGRESSION APPROACH
Hey, we have placed the reservation for you!
By the way, why not check out events that you can attend while you pick your title.
Oops! Something went wrong.
Looks like we were not able to place the reservation. Kindly try again later.
Are you sure you want to remove the book from the shelf?
PUBLIC DEBT SUSTAINABILITY IN POST-2000 EU MEMBER STATES WITH EURO ADOPTION: A PENALIZED SPLINE REGRESSION APPROACH
Do you wish to request the book?
PUBLIC DEBT SUSTAINABILITY IN POST-2000 EU MEMBER STATES WITH EURO ADOPTION: A PENALIZED SPLINE REGRESSION APPROACH
Please be aware that the book you have requested cannot be checked out. If you would like to checkout this book, you can reserve another copy
We have requested the book for you!
Your request is successful and it will be processed during the Library working hours. Please check the status of your request in My Requests.
Oops! Something went wrong.
Looks like we were not able to place your request. Kindly try again later.
Journal Article
PUBLIC DEBT SUSTAINABILITY IN POST-2000 EU MEMBER STATES WITH EURO ADOPTION: A PENALIZED SPLINE REGRESSION APPROACH
2025
Overview
The sustainability of public debt has gained renewed attention in the aftermath of the 2008 financial crisis, the COVID-19 pandemic, and recent geopolitical tensions. This paper investigates long-term debt sustainability in Eurozone countries that acceded post-2000 analyzing fiscal dynamics from 2000–2023. Using penalized spline regression in a semi-parametric time series framework, we evaluate fiscal dynamics while incorporating institutional determinants such as political stability and the absence of violence/terrorism and macroeconomic indicators like the unemployment rate (as a percentage of the total labor force). Our results show that Croatia, Latvia, Malta, and Slovenia have exhibited relatively sustainable debt policies, while other countries show weaker or statistically insignificant sustainability signals. Among the models tested, the one including political stability and the absence of violence/terrorism performed best, suggesting that institutional stability is a key determinant of fiscal sustainability. These findings emphasize the importance of integrating institutional dimensions into debt analysis and provide valuable insights for policymakers seeking to enhance fiscal resilience in the Eurozone’s newer member states.
Publisher
G.P.E. Continent
Subject
