The Evolution of the Public Debt in Romania and Serbia, During and After the Global Recession

Authors

  • Gheorghe Săvoiu University of Pitesti (Romania), Faculty of Economics
  • Ondrej Jasko University of Belgrade, Faculty of Organizational Sciences
  • Marian Ţaicu University of Piteşti, Faculty of Economic Sciences

DOI:

https://doi.org/10.7595/management.fon.2014.0021

Keywords:

external or foreign debt (ED), public debt (PD), governmental debt (GD), Gross Domestic Product (GDP), export (X)

Abstract

This paper describes a special evolution of debt of Romania and Serbia, during and after the recently completed global recession, with a focus on public debt. After a brief theoretical introduction and an equally short review of the recent literature devoted to the subject, the authors stress both the common elements and the particular aspects of the upward trends of borrowing in the two economies, concluding with some final remarks and a tentative anticipation of short-term and medium-term evolution.

Author Biographies

Gheorghe Săvoiu, University of Pitesti (Romania), Faculty of Economics


Gheorghe Săvoiu, PhD, is Associate Professor at the Department of Accounting, Faculty of Economics, University of Pitesti (Romania). Gheorghe Săvoiu graduated with MBA from Bucharest Academy of Economic Studies (Commerce Department – Commerce section), and acquired his PhD degree in Economic Science from the Faculty of Economic Cybernetics, Statistics and Informatics, Bucharest Academy of Economic Studies (Romania). In addition to pedagogical activities, he held a position of manager at the General Board of Statistics Argeş County – Pitesti. He held a position of dean to Finance – Accountancy Faculty, to Constantin Brâncoveanu University, Pitesti, between 2003 and 2006. Since 2014, he is also an associate researcher at the INCE "Costin C. Kiriţescu" of the Romanian Academy, part of the new Centre of Mountain Economics CEMONT. He is a (co)author of more than 30 books, of 20 papers ISI Thompson (Web of Knowledge), with Hindex ISI Thompson = 4 and of more than 200 indexed journal and conference papers. He has been a project manager or a member of the project team in more than 10 projects. The major domains of his interest include: statistics, econometrics, econophysics, sociophysics, logic, philosophy, economics, marketing research, human ecology, management methods, demography, price universe and interpreter indices, rural tourism.

Ondrej Jasko, University of Belgrade, Faculty of Organizational Sciences

Ondrej Jaško, Ph.D., is full-time professor at the Faculty of Organizational Sciences, University of Belgrade, and currently lectures at several courses in the area of business system organization. His teaching and research interests include organization theory, organizational models, management and change management. During his university career, he was Chief of Department for Business System Organization, Vice-Dean and President of the Master Studies Council. He is a (co)author of more than 15 books and monographs. He has also published more than 100 papers at various scientific conferences and 35 articles in international and national journals. As an executive officer or a team member, he was involved in more than 20 research projects. As a business consultant, he led projects of organizational design in some of the most significant companies in the Balkan region.

Marian Ţaicu, University of Piteşti, Faculty of Economic Sciences

Marian Ţaicu is assistant professor at the Faculty of Economic Sciences, University of Piteşti, Romania. His major research interests are management accounting, controlling and multidisciplinary application of business related disciplines. He has published more than 40 papers in scientific journals or conference volumes and is a coauthor of 9 books. He currently works as assistant editor for Econophysics, Sociophysics & other Multidisciplinary Sciences Journal (ESMSJ).

Additional Files

Published

2014-10-16

How to Cite

Săvoiu, G., Jasko, O., & Ţaicu, M. (2014). The Evolution of the Public Debt in Romania and Serbia, During and After the Global Recession. Management:Journal of Sustainable Business and Management Solutions in Emerging Economies, 19(72), 5–13. https://doi.org/10.7595/management.fon.2014.0021

Issue

Vol. 19 No. 72 (2014)

Section

Articles

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