Social development and public debt sustainability
Published:
Jan 18, 2021
Keywords:
Social Development Gover- Social Development Governance Public Deficit Public Debt Political Budget Cycles Shadow Economy
Abstract
The issue of public debt sustainability is of exceptional importance in the case of Greece. As a rule, the relevant analysis is limited to the examination of the fiscal policy measures reported to contribute to reducing public debt leaving out the investigation of the factors that caused the country’s debt crisis. The objective of the present paper is to explore the determinants of Greece’s debt crisis and the strategy required to address it. Our work highlights the issue of social development, which is found to be a necessary condition for ensuring the long run sustainability of the country’s public debt.
Article Details
- How to Cite
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Vavoura, C., & Vavouras, I. (2021). Social development and public debt sustainability. Social Cohesion and Development, 14(2), 79–88. https://doi.org/10.12681/scad.25739
- Issue
- Vol. 14 No. 2 (2019)
- Section
- Articles
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