The Impact of New Technologies and Political-Economic Systems on Public and Private Debt in the Context of Industrial Revolution 4.0
The era of debt, in the context of the Industrial Revolution 4.0, imposes the need to investigate how improvements in public and private debt can be achieved. This paper analyses the impact of the new technologies and political-economic systems on the economy reflected through the public debt of...
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| Format: | Article |
| Language: | English |
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Editura ASE
2025-02-01
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| Series: | Amfiteatru Economic |
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| Online Access: | https://www.amfiteatrueconomic.ro/temp/Article_3384.pdf |
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| author | Rodica Gherghina Emilia Mioara Câmpeanu Florin Văduva Ioana Duca Mirela Anca Postole Robert-Adrian Grecu |
| author_facet | Rodica Gherghina Emilia Mioara Câmpeanu Florin Văduva Ioana Duca Mirela Anca Postole Robert-Adrian Grecu |
| author_sort | Rodica Gherghina |
| collection | DOAJ |
| description | The era of debt, in the context of the Industrial Revolution 4.0, imposes the need to investigate
how improvements in public and private debt can be achieved. This paper analyses the impact
of the new technologies and political-economic systems on the economy reflected through
the public debt of the European Union countries, under the impetus of the Industrial
Revolution 4.0, using panel regression models doubled by causality tests to provide
robustness to the findings. The results confirm different effects in the public and the private
sector as the political-economic systems, through macroeconomic factors, significantly
influence the public sector comparing to the private sector, in terms of debts. Moreover,
through governance indicators, the political-economic systems have varying impacts
depending on the time horizon. At the same time, an increase in the presence of new
technologies in the economy has a much faster and stronger effect on the dynamics of private
debt. Thus, the research results support economic liberalism to the detriment of statism, by
continuing the efforts of public institutions and companies to open up to investment in order
to benefit from the effects of the Industrial Revolution 4.0, provided that the sustainability of
accumulated debt is ensured.
|
| format | Article |
| id | doaj-art-bcf69cd554ec4c3bb4f862c9b880ca76 |
| institution | Kabale University |
| issn | 1582-9146 2247-9104 |
| language | English |
| publishDate | 2025-02-01 |
| publisher | Editura ASE |
| record_format | Article |
| series | Amfiteatru Economic |
| spelling | doaj-art-bcf69cd554ec4c3bb4f862c9b880ca762025-08-20T03:56:13ZengEditura ASEAmfiteatru Economic1582-91462247-91042025-02-012768355410.24818/EA/2025/68/35The Impact of New Technologies and Political-Economic Systems on Public and Private Debt in the Context of Industrial Revolution 4.0Rodica Gherghina0https://orcid.org/0000-0002-9011-5914Emilia Mioara Câmpeanu1https://orcid.org/0000-0002-6527-6556Florin Văduva2https://orcid.org/0000-0003-0997-6651Ioana Duca3https://orcid.org/0000-0002-7242-7623Mirela Anca Postole 4https://orcid.org/0000-0002-0144-352XRobert-Adrian Grecu5https://orcid.org/0000-0002-1641-9282The Bucharest University of Economic Studies, RomaniaBucharest University of Economic Studies, Bucharest, RomaniaTitu Maiorescu University, Bucharest, RomaniaTitu Maiorescu University, Bucharest, RomaniaTitu Maiorescu University, Bucharest, RomaniaBucharest University of Economic Studies, RomaniaThe era of debt, in the context of the Industrial Revolution 4.0, imposes the need to investigate how improvements in public and private debt can be achieved. This paper analyses the impact of the new technologies and political-economic systems on the economy reflected through the public debt of the European Union countries, under the impetus of the Industrial Revolution 4.0, using panel regression models doubled by causality tests to provide robustness to the findings. The results confirm different effects in the public and the private sector as the political-economic systems, through macroeconomic factors, significantly influence the public sector comparing to the private sector, in terms of debts. Moreover, through governance indicators, the political-economic systems have varying impacts depending on the time horizon. At the same time, an increase in the presence of new technologies in the economy has a much faster and stronger effect on the dynamics of private debt. Thus, the research results support economic liberalism to the detriment of statism, by continuing the efforts of public institutions and companies to open up to investment in order to benefit from the effects of the Industrial Revolution 4.0, provided that the sustainability of accumulated debt is ensured. https://www.amfiteatrueconomic.ro/temp/Article_3384.pdfpolitical-economic systemsnew technologiesindustrial revolution 4.0public debtprivate debt |
| spellingShingle | Rodica Gherghina Emilia Mioara Câmpeanu Florin Văduva Ioana Duca Mirela Anca Postole Robert-Adrian Grecu The Impact of New Technologies and Political-Economic Systems on Public and Private Debt in the Context of Industrial Revolution 4.0 Amfiteatru Economic political-economic systems new technologies industrial revolution 4.0 public debt private debt |
| title | The Impact of New Technologies and Political-Economic Systems on Public and Private Debt in the Context of Industrial Revolution 4.0 |
| title_full | The Impact of New Technologies and Political-Economic Systems on Public and Private Debt in the Context of Industrial Revolution 4.0 |
| title_fullStr | The Impact of New Technologies and Political-Economic Systems on Public and Private Debt in the Context of Industrial Revolution 4.0 |
| title_full_unstemmed | The Impact of New Technologies and Political-Economic Systems on Public and Private Debt in the Context of Industrial Revolution 4.0 |
| title_short | The Impact of New Technologies and Political-Economic Systems on Public and Private Debt in the Context of Industrial Revolution 4.0 |
| title_sort | impact of new technologies and political economic systems on public and private debt in the context of industrial revolution 4 0 |
| topic | political-economic systems new technologies industrial revolution 4.0 public debt private debt |
| url | https://www.amfiteatrueconomic.ro/temp/Article_3384.pdf |
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