表紙画像

The effect of foreign debt on the economic growth

This study examines the effect of foreign debt on the economic growth. Using a time series Indonesian data over 1981 - 2017, we employ the Error Correction Model based on the debt overhang theory. Foreign debt was found to produce negative and significant effect on the economic growth both in the sh...

詳細記述

保存先:
書誌詳細
第一著者: Kurniasih, Erni Panca
フォーマット: 論文
言語:English
出版事項: Penerbit Universiti Kebangsaan Malaysia 2021
オンライン･アクセス:http://journalarticle.ukm.my/18803/1/jeko_553-9.pdf
http://journalarticle.ukm.my/18803/
https://www.ukm.my/jem/issue/v55i3/
タグ: タグ追加
タグなし, このレコードへの初めてのタグを付けませんか!
id my-ukm.journal.18803
record_format eprints
spelling my-ukm.journal.188032022-06-23T08:46:30Z http://journalarticle.ukm.my/18803/ The effect of foreign debt on the economic growth Kurniasih, Erni Panca This study examines the effect of foreign debt on the economic growth. Using a time series Indonesian data over 1981 - 2017, we employ the Error Correction Model based on the debt overhang theory. Foreign debt was found to produce negative and significant effect on the economic growth both in the short- and long-run. The paper further found that Foreign Direct Investment (FDI) improves the economic growth. Foreign debt that continues to increase drastically in the long-run could slow down the economic growth which may indicate the economy experiencing a debt overhang. It is thus imperative for the government to ensure the debt ratio remain below a certain threshold. Further, foreign debt should be prioritized to develop infrastructure with a broad multiplier effect and the FDI likewise prioritized for labor-intensive sectors. Penerbit Universiti Kebangsaan Malaysia 2021 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/18803/1/jeko_553-9.pdf Kurniasih, Erni Panca (2021) The effect of foreign debt on the economic growth. Jurnal Ekonomi Malaysia, 55 (3). pp. 125-136. ISSN 0127-1962 https://www.ukm.my/jem/issue/v55i3/
institution Universiti Kebangsaan Malaysia
building Tun Sri Lanang Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Kebangsaan Malaysia
content_source UKM Journal Article Repository
url_provider http://journalarticle.ukm.my/
language English
description This study examines the effect of foreign debt on the economic growth. Using a time series Indonesian data over 1981 - 2017, we employ the Error Correction Model based on the debt overhang theory. Foreign debt was found to produce negative and significant effect on the economic growth both in the short- and long-run. The paper further found that Foreign Direct Investment (FDI) improves the economic growth. Foreign debt that continues to increase drastically in the long-run could slow down the economic growth which may indicate the economy experiencing a debt overhang. It is thus imperative for the government to ensure the debt ratio remain below a certain threshold. Further, foreign debt should be prioritized to develop infrastructure with a broad multiplier effect and the FDI likewise prioritized for labor-intensive sectors.
format Article
author Kurniasih, Erni Panca
spellingShingle Kurniasih, Erni Panca
The effect of foreign debt on the economic growth
author_facet Kurniasih, Erni Panca
author_sort Kurniasih, Erni Panca
title The effect of foreign debt on the economic growth
title_short The effect of foreign debt on the economic growth
title_full The effect of foreign debt on the economic growth
title_fullStr The effect of foreign debt on the economic growth
title_full_unstemmed The effect of foreign debt on the economic growth
title_sort effect of foreign debt on the economic growth
publisher Penerbit Universiti Kebangsaan Malaysia
publishDate 2021
url http://journalarticle.ukm.my/18803/1/jeko_553-9.pdf
http://journalarticle.ukm.my/18803/
https://www.ukm.my/jem/issue/v55i3/
_version_ 1736834968015863808
score 13.250246

類似資料