Abstract:

The study aims to analyze the impact of the ratio between the public debt and the gross domestic product on the economic development of Romania, for the reference period, 2000 - 2021, with a quarterly frequency and, at the same time, to offer solutions for growth and sustainable economic development. With the help of the Vector Autoregression Model - V A R, the analysis model captures, on the one hand, the causes that led to the accelerated growth of public debt in relation to G.D.P. and, on the other hand, the factors that determined the negative evolution of macroeconomic indicators (inflation, unemployment, etc.). It was not encouraging throughout the reference period, this of course also due to the decisions and policies instituted by the government, rather based on analyzes and strategies thought only in the medium and short term, in a sometimes conjunctural context.