Differences and Similarities in the Indebtedness of EU Member States after Last Financial Crisis

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26510%2F16%3APU120927" target="_blank" >RIV/00216305:26510/16:PU120927 - isvavai.cz</a>

Result on the web

<a href="http://apcz.pl/czasopisma/index.php/OeC/article/view/OeC.2016.031" target="_blank" >http://apcz.pl/czasopisma/index.php/OeC/article/view/OeC.2016.031</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.12775/OeC.2016.031" target="_blank" >10.12775/OeC.2016.031</a>

Result language

angličtina

Original language name

Differences and Similarities in the Indebtedness of EU Member States after Last Financial Crisis

Original language description

The article’s aim is to provide an overview of the indebtedness of EU member states and to explore whether this indebtedness is linked to or even dependent on selected economic characteristics (GDP, unemployment rate and social benefits paid as a share of GDP). Data from the EU-28 countries, the Eurozone and the countries outside the Eurozone will be studied separately on the assumption that there will be differences between the countries in the Eurozone and those outside it. In the investigation of the issue only secondary data from the official statistics can be used. All the data are taken from Eurostat and then processed using the standard methods of descriptive statistics and correlation analysis. The analysis carried out showed that the average indebtedness of the EU-28 countries is higher than is set by the EU criteria, and at the same time confirmed that there is a difference in debt levels between countries within and outside the Eurozone. The Eurozone countries show indebtedness that is overall higher than in countries outside the Eurozone, while at the same time they show a moderately strong linear dependence both between indebted-ness and unemployment rates and between indebtedness and payments of social benefits. In the countries outside the Eurozone it was shown that while the relationship between indebtedness and the unemployment rate was weak that between indebtedness and the payment of social benefits was relatively strong.

Czech name

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Czech description

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Type

J_imp - Article in a specialist periodical, which is included in the Web of Science database

CEP classification

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OECD FORD branch

50201 - Economic Theory

Project

—

Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2016

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Oeconomia Copernicana

ISSN

2083-1277

e-ISSN

—

Volume of the periodical

7

Issue of the periodical within the volume

4

Country of publishing house

PL - POLAND

Number of pages

13

Pages from-to

551-563

UT code for WoS article

000393196500002

EID of the result in the Scopus database

2-s2.0-85017365282