Comparative analysis of internal and external national debt of Ukraine taking into account the impact factors
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DOIhttp://dx.doi.org/10.21511/pmf.06(1).2017.05
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Article InfoVolume 6 2017, Issue #1, pp. 46-56
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In this paper, scientific and methodological approaches as for interpreting the notion “national debt of the country” as a whole are systematized, the essence of “internal national debt” and “external national debt” in particular is clarified. Critical analysis of the state and dynamics of the national debt of Ukraine during 2006-2015 was performed. Dynamics of the extent of internal and external national debt of the country was studied and their comparative analysis was performed. Detailed structure of both internal part of the debt and its external part is presented. With the help of correlation analysis, strength of correlation and directions of influence of different types of debts on the national budget of Ukraine in 2006-2015 was determined.
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JEL Classification (Paper profile tab)H63
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References35
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Tables6
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Figures8
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- Fig. 1. The essense of national debt and its main components
- Fig. 2. Main factors of influence on external and internal national debts
- Fig. 3. The structure of national guaranteed debt (internal and external debt) as of end of 2006 and 2015
- Fig. 4. Dynamics of national debt of Ukraine and its components during 2006-2015, mln US dol
- Fig. 5. The dynamics of changes of structure of internal debt over 2006-2015, mln hrn
- Fig. 6. The dynamics of change of external debt structure during 2006-2015, mln hrn
- Fig. 7. The structure of external national debt of Ukraine in 2015
- Fig. 8. The dynamics of change of national debt volume to GDP ratio in 2006-2015, %
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- Table 1. Scientific and methodical approaches to interpretation of the notion “internal national debt”
- Table 2. Scientific and methodical approaches to interpretation of the notion “external national debt”
- Table 3. Comparative characteristics of approaches to understanding of external and internal national debt from the viewpoint of its main features
- Table 4. The dynamics of national payments for redemption, expenditures and service of IND and END, mln hrn
- Table 5. The factors of correlation analysis of internal national debt dynamics for the 2006-2015 period
- Table 6. The factors of correlation analysis of external national debt dynamics for the 2006-2015 period
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Public debt management and economic growth: A threshold regression approach
Nguyen Ngoc Son
doi: http://dx.doi.org/10.21511/pmf.12(1).2023.06
Public and Municipal Finance Volume 12, 2023 Issue #1 pp. 62-72 Views: 681 Downloads: 454 TO CITE АНОТАЦІЯThis study deals with the impact of national debt on gross domestic product growth, which plays an essential role in economic development when the debt-to-GDP ratio achieves the optimal public debt ratio. The goal of this study is to comprehend the relationship between government debt and GDP growth, which becomes increasingly essential for economic development as the debt-to-GDP ratio approaches the optimal threshold of public debt. The study applied regression threshold models, unit roots, and Pearson correlation tests to the data collected in Vietnam from 2000 to 2020 to determine the optimum national debt-to-GDP threshold. The results show that the correlation between national debt-to-GDP and GDP growth was 85.2%. All the variables are stationary at the first difference and lag after one year, and the 38% threshold is the best level of national debt for GDP growth. This study contributes to the theoretical enhancement of the current knowledge of the factors that offer the Vietnamese government a point of reference for policy recommendations to control national debt successfully.
