Theoretical and Applied Economics
No. 4 / 2017 (613), Winter
Macroeconomic determinants of public debt growth: A case study for Tunisia
Faculty of Economics and Management of Sfax, University of Sfax, Tunisia
Hanen OMRANE
Faculty of Economics and Management of Sfax, University of Sfax, Tunisia
Abstract. This article offers an econometric investigation of the macroeconomic determinants of public debt in Tunisia using VECM model for the period 1986-2015. The results of the full sample analysis reveal that inflation and investment reduce the value of public debt. However, real interest rate, budget deficit and trade openness increase public debt. The study shows also the budget deficit is the most important determinant of public debt in Tunisia.
Contents
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The strategy for reducing unemployment. Employment in the European Union
Economic value of portfolio diversification: Evidence from international multi-asset portfolios
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Examination of the exchange rate and interest rate channels of the monetary transmission mechanism during the inflation targeting: Turkey and Mexico countries examples
Macroeconomic determinants of public debt growth: A case study for Tunisia
Dynamic regime switching behaviour between cash and futures market: A case of interest rates in India