Skip to main navigation menu Skip to main content Skip to site footer

Articles

Vol. 1 No. 1 (2021)

Public Finance Sustainability in Poland the Light of Fiscal Sustainability Indicators

  • Bolesław Śmiały
  • Tomasz Uryszek
  • Moria Caroil
Submitted
February 16, 2021
Published
2024-09-14 — Updated on 2024-09-14
Versions

Abstract

The aim of the article is to assess the degree of sustainability of the public finance sector in Poland. Such a research goal is accompanied by the following research hypothesis: high values of primary deficits make it impossible to stabilize the level of public debt even in the long run. The analysis uses the concept of the so‑called fiscal sustainability indicators proposed, among others, by Buiter, Blanchard, Rudin and Smith. Reference was made to the Ponzi scheme in the context of the state solvency. The study used data from Eurostat and the Directorate General for Economic and Financial Affairs of the European Commission. The data come from the period 2001–2017. Forecasts for 2018 and 2019 were also used. The results for Poland were compared to the values for all EU countries.

References

  1. Adam A. (2015), Approaches of public finance sustainability taking into account the current economic context, „Financial Studies”, t. 19, nr 1, s. 93–101.
    View in Google Scholar
  2. Google Scholar
    View in Google Scholar
  3. Alesina A., Ardagna S.(1998), Tales of fiscal adjustment, „Economic Policy”, t. 13, nr 27, s. 489–545.
    View in Google Scholar
  4. Google Scholar
    View in Google Scholar
  5. Alesina A., Favero C., Giavazzi F. (2018), Climbing Out gf Debt: A New Study Offers More Evidence that Cutting Spending is Less Harmful to Growth than Raising Taxes, „Finance and Development”, t. 55, nr 1, s. 6–11.
    View in Google Scholar
  6. Google Scholar
    View in Google Scholar
  7. Alesina A., Tabellini G. (1990), A Positive Theory of Fiscal deficits and Public Debt, „Review of Economic Studies”, t. 57, nr 3, s. 403–414.
    View in Google Scholar
  8. Google Scholar
    View in Google Scholar
  9. AMECO (2018), Baza danych Dyrektoriatu Generalnego ds. Gospodarczych i Finansowych Komisji Europejskiej, http://ec.europa.eu/economy_finance/ameco/user/serie/SelectSerie.cfm (dostęp: 27.05.2018).
    View in Google Scholar
  10. Google Scholar
    View in Google Scholar
  11. Baglioni A., Cherubini U. (1993), Intertemporal budget constraint and public debt sustainability: the case of Italy, „Applied Economics”, t. 25, nr 2, s. 275–283, https://doi.org/10.1080/00036849300000033.
    View in Google Scholar
  12. Google Scholar
    View in Google Scholar

Downloads

Download data is not yet available.