External Debt, Export and Growth in Asian Countries: 1988-2006

Lau, Evan and Kon, Thian Ling (2014) External Debt, Export and Growth in Asian Countries: 1988-2006. Journal of Applied Sciences, 14. pp. 2170-2176. ISSN 1812-5654

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Abstract

Utilizing panel data investigation, this study examines the nexus between external debt and economic growth, covering seventeen Asian countries. The study found that external debt works through two channels: Directly, in which the causality runs from external debt to GDP and indirectly, in which it positively enhances exports through GDP. This opens another channel through which foreign financial capital can potentially stimulate exports through economic growth while strengthening the bidirectional causality between exports and GDP. With the backdrop of uncertainties around the globe, e.g., the debt crisis, efficient coordination and cooperation in implementation of debt management to support economic development should be on every Asian regional agenda.

Item Type: Article
Uncontrolled Keywords: external debt, economic growth, Asean Countries, research, Universiti Malaysia Sarawak, unimas, university, universiti, Borneo, Malaysia, Sarawak, Kuching, Samarahan, ipta, education
Subjects: H Social Sciences > H Social Sciences (General)
Divisions: Academic Faculties, Institutes and Centres > Faculty of Economics and Business
Depositing User: ROSSAZANA AB RAHIM
Date Deposited: 10 Oct 2017 02:31
Last Modified: 10 Oct 2017 02:31
URI: http://ir.unimas.my/id/eprint/17978

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