The economic development process is a complex concept, much broader than the material growth model. The economic growth is a process of accumulation in terms of quantity and value, using a series of macroeconomic variables such as GDP, the real wages or the income per capita. Economic...

The short- and long-term effects of public debt on economic growth in EU countries is analyzed in this paper, using data that covers a period of 25 years (1995-2019). For public debt, we used a proxy general government gross debt (as a percentage of GDP), while for economic growth, we used the...