Econometric Modeling of the Effect of Budget Deficit and Public Debt on GDP within Romanian Economy

In recent years, most countries have experienced an economic crisis that was characterized by significantly increasing public debt and budget deficit, these two indicators being the most affected by this crisis. In this regard, questions about the effects of deficits, the influence of public debt on future generations or the existence of sustainable economic growth are justified. To analyze the influence of the budget deficit and public debt on economic growth, below we have achieved an econometric analysis of the link between these three macroeconomic indicators in Romania's case, one of the countries affected by the economic crisis.