Open AccessMeasuring and analyzing the impact of external loans on some macroeconomic variables in some selected countries (USA, Egypt, Iraq) During the (1980-2020)
Author(s) -
Younis Ali Ahmed,
Chryan Hadi Abdulla
Publication year - 2022
Publication title -
govarî kurdistanî bo lêkołînewey stratîcî
Language(s) - English
Resource type - Journals
eISSN - 2790-5268
pISSN - 2790-525X
DOI - 10.54809/jkss.vi1.58
Subject(s) - debt service coverage ratio , debt , inflation (cosmology) , economics , external debt , investment (military) , interest rate , politics , developing country , monetary economics , internal debt , macroeconomics , economic policy , finance , economic growth , political science , physics , theoretical physics , law
External debts are one of the unusual sources that some countries and governments often resort to their financial needs as a result of a number of reasons and factors of economic, financial , social and political. This resort can result from contracting or concluding a number of economic, financial , social and political impacts. This article aims to measure and analyze the impact of external debts on some macroeconomic variables in selected countries (USA, Egypt, and Iraq) for (1980-2020, in addition using the Econometrics method through appling time series and panel data on some macroeconomic variables, including (Economic growth, investment and inflation rate) in the selected countries. At the end the article concludes that there are positive and negative impact of external debts, but in general the external debts has positive impact in economic growth, investment and inflation rate in USA, but this impact is negative in Iraq, while this impact is moderately) positive and negative) in Egypt, and this difference is due to how the external debt process and the amount and type of interest rate as well as how countries direct and use external debts. Therefore, countries and governments should reconsider the issue of external loans in terms of reasons and conditions and the necessity of linking them to strategic investment projects that can service their debts without being a burden on the national economy.