THE ROLE AND EFFECTS OF PUBLIC AND PRIVATE DEBT IN THE ECONOMY
Autor (i): Klejda Gabeshi1 , Genifera Claudia Bănică2
JEL: G2, H6
Cuvinte cheie: Credit Activity, Government Loans, Private Loans, Public Debt
Abstract:
The purpose of this article is to carry out a qualitative and quantitative analysis, highlighting the role and effects of government and private loans in the economic development of a country, as well as determining the advantages and disadvantages of these loans. The first part of the paper aims to create an overview on the concepts and particularities of state loans, public debt and budget deficit, emphasizing the role and effects of public debt in the economy, while in the second part will be analyzed the role and effects of private loans in the economy, focusing on how credit activity influences the evolution of an economy. A special role will have the analysis of the impact of the present pandemic on these credits and the challenges it will bring to the economy. This paper aspires to update the state of knowledge of the subject in the academic literature and to capture the attribution of state and private loans as an inevitable process of indisputable importance, which promotes the economic development of a country.
The purpose of this article is to carry out a qualitative and quantitative analysis, highlighting the role and effects of government and private loans in the economic development of a country, as well as determining the advantages and disadvantages of these loans. The first part of the paper aims to create an overview on the concepts and particularities of state loans, public debt and budget deficit, emphasizing the role and effects of public debt in the economy, while in the second part will be analyzed the role and effects of private loans in the economy, focusing on how credit activity influences the evolution of an economy. A special role will have the analysis of the impact of the present pandemic on these credits and the challenges it will bring to the economy. This paper aspires to update the state of knowledge of the subject in the academic literature and to capture the attribution of state and private loans as an inevitable process of indisputable importance, which promotes the economic development of a country.
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