Publication detail

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

LAJTKEPOVÁ, E.

Original Title

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

Type

journal article in Web of Science

Language

English

Original Abstract

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.

Keywords

EU; euro area; indebtedness; unemployment rate; GDP

Authors

LAJTKEPOVÁ, E.

Released

29. 12. 2016

Publisher

Nikolaus Copernicus University in Torun, Faculty of Economic Sciences and Management

Location

Toruň, Polsko

ISBN

2083-1277

Periodical

Oeconomia Copernicana

Year of study

7

Number

4

State

Republic of Poland

Pages from

551

Pages to

563

Pages count

13

URL

http://apcz.pl/czasopisma/index.php/OeC/article/view/OeC.2016.031

Full text in the Digital Library

http://hdl.handle.net/11012/63846

BibTex

@article{BUT129448,
  author="Eva {Lajtkepová}",
  title="Differences and Similarities in the Indebtedness of EU Member States after Last Financial Crisis",
  journal="Oeconomia Copernicana",
  year="2016",
  volume="7",
  number="4",
  pages="551--563",
  doi="10.12775/OeC.2016.031",
  issn="2083-1277",
  url="http://apcz.pl/czasopisma/index.php/OeC/article/view/OeC.2016.031"
}