EXTERNAL DEBT, INSTITUTIONAL QUALITY AND ECONOMIC GROWTH

Bulletin Ekonomi Moneter dan Perbankan

Siti Nurazira Mohd Daud¹ 

[1] School of Economics, Finance and Banking, University Utara Malaysia;

关键词: external debt;    economic growth;    institutional quality;    emerging economies;   

DOI  :  10.21098/bemp.v23i2.1173

来源: DOAJ

【 摘 要 】

This paper addresses the gap in the literature by investigating the role of the institutional quality in the nexus of external debt and economic growth. By employing a dynamic panel data analysis, we found that the institutional quality plays some role in complementing the effect of external debt on a country’s economic growth. We also found that the negative effect of external debt and a country’s economic growth monotonically increases with the level of institutional indicator, which implies the possibility of debt overhang may still happen in economies endowed with good institutions, but for higher values of debt.

【 授权许可】

Unknown