External Debt and Economic Growth: A Heterogeneous Static Panel Study in Asian Developing and Transition Economies | Zendy

Muhammad Dawood | Zendy; Zhang Bi-qiong | Zendy; Ahmed Al-Asfour | Zendy; Memooilofar | Zendy

AI Assistant Blog Pricing

Home ZAIA Blog

Open Access

External Debt and Economic Growth: A Heterogeneous Static Panel Study in Asian Developing and Transition Economies

Author(s) -

Muhammad Dawood,

Zhang Bi-qiong,

Ahmed Al-Asfour,

Memooilofar

Publication year - 2020

Publication title -

studies of applied economics

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.123

H-Index - 6

eISSN - 1697-5731

pISSN - 1133-3197

DOI - 10.25115/eea.v39i2.4019

Subject(s) - debt , external debt , economics , internal debt , debt to gdp ratio , monetary economics , estimator , developing country , debt levels and flows , panel data , macroeconomics , econometrics , economic growth , statistics , mathematics

This study examined the impact of total external debt, public external debt, and private external debt on economic growth of Asian developing and transition economies economic growth from 1995 to 2019. We applied the fixed effect model with two robust estimators of the feasible generalized least square estimator and Driscoll-Kraay standard error estimator to address the cross-sectional dependence. The findings showed that the total external debt has a significant and positive impact on economic growth while the public external debt and private external debt affect economic growth adversely.

The content you want is available to Zendy users.

Already have an account? Click here to sign in.

Having issues? You can contact us here

Accelerating Research