The role of external debt in economic growth of Indonesia - A blessing or burden?

Today external debt situation is one of great concerns particularly for developing countries. The ongoing debt crisis in several European countries has the potential of creating external shocks to these countries but at the same time it shows the importance of managing well their debt. Several deve...

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Main Authors: Azam, Muhammad, Emirullah, Chandra, Prabhakar, Akhilesh Chandra, Khan, A. Qayyum
Format: Article
Language:English
Published: IDOSI Publications 2013
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Online Access:http://repo.uum.edu.my/12908/1/10.pdf
http://repo.uum.edu.my/12908/
http://www.idosi.org/mejsr/mejsr.htm
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Institution: Universiti Utara Malaysia
Language: English
id my.uum.repo.12908
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spelling my.uum.repo.129082016-04-18T02:16:11Z http://repo.uum.edu.my/12908/ The role of external debt in economic growth of Indonesia - A blessing or burden? Azam, Muhammad Emirullah, Chandra Prabhakar, Akhilesh Chandra Khan, A. Qayyum HJ Public Finance Today external debt situation is one of great concerns particularly for developing countries. The ongoing debt crisis in several European countries has the potential of creating external shocks to these countries but at the same time it shows the importance of managing well their debt. Several developing countries including Indonesia have faced stern economic problems in the past due to a high level of external debt.On the other hand, economic growth is vital to improve social welfare.This study analyzes the impact of external debt on economic growthof Indonesia.The method of least squares is used for parameters estimation. The main finding of the study shows external debthasa negativeimpact on economic growth during the period under the study.Thus, external debtis not a blessing but rather a burden for Indonesia. The finding suggests the importance of controlling external debt both, public and private, as well as enhancingdebt management effectiveness. IDOSI Publications 2013 Article PeerReviewed application/pdf en http://repo.uum.edu.my/12908/1/10.pdf Azam, Muhammad and Emirullah, Chandra and Prabhakar, Akhilesh Chandra and Khan, A. Qayyum (2013) The role of external debt in economic growth of Indonesia - A blessing or burden? Middle-East Journal of Scientific Research, 18 (8). pp. 1111-1118. ISSN 1990-9233 http://www.idosi.org/mejsr/mejsr.htm
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Institutionali Repository
url_provider http://repo.uum.edu.my/
language English
topic HJ Public Finance
spellingShingle HJ Public Finance
Azam, Muhammad
Emirullah, Chandra
Prabhakar, Akhilesh Chandra
Khan, A. Qayyum
The role of external debt in economic growth of Indonesia - A blessing or burden?
description Today external debt situation is one of great concerns particularly for developing countries. The ongoing debt crisis in several European countries has the potential of creating external shocks to these countries but at the same time it shows the importance of managing well their debt. Several developing countries including Indonesia have faced stern economic problems in the past due to a high level of external debt.On the other hand, economic growth is vital to improve social welfare.This study analyzes the impact of external debt on economic growthof Indonesia.The method of least squares is used for parameters estimation. The main finding of the study shows external debthasa negativeimpact on economic growth during the period under the study.Thus, external debtis not a blessing but rather a burden for Indonesia. The finding suggests the importance of controlling external debt both, public and private, as well as enhancingdebt management effectiveness.
format Article
author Azam, Muhammad
Emirullah, Chandra
Prabhakar, Akhilesh Chandra
Khan, A. Qayyum
author_facet Azam, Muhammad
Emirullah, Chandra
Prabhakar, Akhilesh Chandra
Khan, A. Qayyum
author_sort Azam, Muhammad
title The role of external debt in economic growth of Indonesia - A blessing or burden?
title_short The role of external debt in economic growth of Indonesia - A blessing or burden?
title_full The role of external debt in economic growth of Indonesia - A blessing or burden?
title_fullStr The role of external debt in economic growth of Indonesia - A blessing or burden?
title_full_unstemmed The role of external debt in economic growth of Indonesia - A blessing or burden?
title_sort role of external debt in economic growth of indonesia - a blessing or burden?
publisher IDOSI Publications
publishDate 2013
url http://repo.uum.edu.my/12908/1/10.pdf
http://repo.uum.edu.my/12908/
http://www.idosi.org/mejsr/mejsr.htm
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