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PRIVATE DEBT AND ECONOMIC GROWTH: TRENDS AND CHARACTERISTICS FOR UKRAINE
ISSN: 2663 - 0257
Publisher: author
PRIVATE DEBT AND ECONOMIC GROWTH: TRENDS AND CHARACTERISTICS FOR UKRAINE
Indexed in
Business and Management
ARTICLE-FACTOR
1.3
Article Basics Score: 3
Article Transparency Score: 2
Article Operation Score: 3
Article Articles Score: 3
Article Accessibility Score: 2
SUBMIT PAPER ASK QUESTION
International Category Code (ICC):
ICC-0502
Publisher: Lviv Polytechnic National University
International Journal Address (IAA):
IAA.ZONE/2663113850257
eISSN
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2663 - 0257
VALID
ISSN Validator
Abstract
Purpose. The purpose of the article is to determine the effects on economic activity of a pure temporary change in private debt and the relationship between the debt multiplier and the level of economic growth in Ukraine. Design/methodology/approach. In the article, the authors used the function of exponential growth for determining the GDP sensibility to the debt movements. There are also using the Granger approach for determining the direction of the relation between private debt and GPD. Rather than testing whether private debt causes GDP, the Granger causality has tested whether private debt forecasts GDP. The authors provided the calculation in the direct and indirect methods. The model of the direct method was based on the assumption that the GDP growth in the current period depends on the dynamics of GDP and increase of private debt in the previous period. The model of indirect correlation was based on the assumption that the i...
