scholarly journals The Effect of Foreign Debt on the Economic Growth

2021 ◽  
Vol 55 (3) ◽  
pp. 125-136
Keyword(s):  
Economic Growth ◽  
Foreign Debt

C. PENGARUH UTANG LUAR NEGERI DAN EKSPOR TERHADAP PERTUMBUHAN EKONOMI (Studi pada Produk Domestik Bruto Indonesia Periode 2015-2019)

2021 ◽  
Vol 4 (1) ◽  
pp. 22
Author(s):  
Farah Syahri Maulidiyah
Keyword(s):  
Economic Growth ◽  
Time Series ◽  
Regression Analysis ◽  
Linear Regression Analysis ◽  
Foreign Debt ◽  
External Debt ◽  
Multiple Linear Regression Analysis ◽  
Analysis Method ◽  
Indonesian Government ◽  
Independent Variable

ABSTRACT The purpose of this research is to analyze the influence of exports and foreign debt which can affect Indonesia's GDP (Gross Domesty Product). The variables of this research are the foreign debt value of the Indonesian government and the value of Indonesian exports as the independent variable, and the value of Indonesia's GDP as the dependent variable. The data used are supporting data for the 2015-2019 period from the time series (time series) of Bank Indonesia and BPS. The data analysis method used multiple linear regression analysis. The results of this study are the value of the Indonesian government's foreign debt and the value of Indonesia's exports have a significant effect. Meanwhile, the results of the partial test (t-test) show that the value of foreign debt and exports of the Indonesian government greatly affects the value of Indonesia's GDP. Keywords : External Debt, Export, Economic Growth (Menggunakan template jurnal sinta 2 JESP (Jurnal Ekonomi dan Studi Pembangunan) eISSSN : 2502-7115 l pISSN : 2502-7115 Universitas Negeri Malang).

The Impact of Foreign Debt on Economic Growth in Malawi

2013 ◽  
Vol 25 (1) ◽  
pp. 85-90 ◽  
Author(s):  
B.H.M. Tchereni ◽  
T.J. Sekhampu ◽  
R.F. Ndovi
Keyword(s):  
Economic Growth ◽  
Foreign Debt ◽  
The Impact

scholarly journals Financial sector and economic growth in the Republic of Croatia 1995-2005

2006 ◽  
Vol 51 (168) ◽  
pp. 109-120
Author(s):  
Damir Novotny
Keyword(s):  
Economic Growth ◽  
Foreign Currency ◽  
Foreign Debt ◽  
Financial Sector ◽  
Strong Increase ◽  
Credit Expansion ◽  
Public Consumption ◽  
Private And Public ◽  
The Republic ◽  
Global Economic Growth

Financial sector in the Republic of Croatia had a strong growth between 1995 2005.g. Liberalization of financial sector in 1999 led to an increase in bank foreign debt, which resulted in a strong increase in foreign currency reserves and appreciation of the national currency. The growth of the financial sector and credit expansion have been allocated in favour of private and public consumption, but not in industry investments. GDP growth didn't have the same momentum as financial aggregates. Economic growth, after a contraction in 1999 was within the average of global economic growth. Relying on neoclassical growth model, government and central bank didn't put in place the needed set of pro-active policies. Factor allocation was solely through private bank channels financing private consumption. If the sustainable economic growth and new employment are to be major macroeconomic goals, a new macroeconomic paradigm as combination of neclassical and neokeynesians approach will be needed.

scholarly journals KAJIAN AKTIVITAS EKONOMI LUAR NEGERI INDONESIA TERHADAP PERTUMBUHAN EKONOMI INDONESIA PERIODE 1998-2014

2017 ◽  
Vol 9 (2) ◽  
pp. 119
Author(s):  
Ryan Hawari ◽  
Fitri Kartiasih
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Exchange Rate ◽  
Direct Investment ◽  
Forecast Error ◽  
Foreign Debt ◽  
Trade Openness ◽  
Impulse Response Function ◽  
Error Variance ◽  
Forecast Error Variance

Indonesia is a developing country which adopts an “open economic”. That caused Indonesia economic is strongly influenced by factors that come from outside of Indonesia. External factors in this research is referred to foreign debt, foreign direct investment, trade openness and exchange rate of rupiah with USD. The analytical method in this research used Vector Error Correction Model (VECM) which will focused on Impulse Response Function (IRF) and Forecast Error Variance Decomposition (FEVD). Based on result of IRF, exchange rate had a positive effect to economic growth, while foreign debt, foreign direct investment and trade openness had a negative effect to economic growth. Based on result of FEVD, shock on economic growth in Indonesia affected by economic growth itself (43.21%), followed by foreign debt (26.30%), trade openness (14.16%), foreign direct investment (8.29%) and exchange rate (8.04%) Keywords: economic growth, trade openness, VECM, IRF, FEVD

Foreign debt service and economic growth

1995 ◽  
Vol 23 (2) ◽  
pp. 157-157 ◽  
Author(s):  
Gerald Scott
Keyword(s):  
Economic Growth ◽  
Foreign Debt ◽  
Debt Service

Foreign debt, economic growth and economic crisis

2012 ◽  
Vol 5 (2) ◽  
pp. 157-167 ◽  
Author(s):  
Xuan Changyong ◽  
Sun Jun ◽  
Yan Chen
Keyword(s):  
Economic Growth ◽  
Economic Crisis ◽  
Foreign Debt

scholarly journals Belarus-China: Avoiding the “Debt Trap”

2021 ◽  
Author(s):  
Kiryl Rudy
Keyword(s):  
Economic Growth ◽  
Foreign Debt ◽  
Soviet Economy ◽  
The Other ◽  
Industrial Park ◽  
Belt And Road Initiative ◽  
Other Hand ◽  
Industrial Projects ◽  
Belt And Road ◽  
The Government

Since 2005 Belarus with its developing Post-Soviet economy has been attracting loans from China. By 2019 China became among top three international lenders for Belarus. On one hand Chinese loans financed infrastructure and industrial projects and supported economic growth in Belarus, and on the other hand they increased import from China and foreign debt of Belarus. In order to overcome the phobia of Chinese “debt trap” the Government of Belarus recently decreased the number and amount of Chinese loans tied to infrastructure projects, improved credit terms, increased FDI from China, and created joint industrial park ‘Great Stone’. As a result, the case of Belarus and China outlines how to avoid “debt trap” in ‘Belt and Road’ initiative by focusing on FDI from China.

scholarly journals The Effects of External Debts on Economic Growth of Kyrgyzstan

2017 ◽  
Author(s):  
Tolkun Zhumakunova ◽  
Zhainagul Kydyralieva
Keyword(s):  
Economic Growth ◽  
Soviet Union ◽  
Foreign Currency ◽  
Time Series Data ◽  
Negative Impact ◽  
Empirical Studies ◽  
Foreign Debt ◽  
Series Data ◽  
Least Squares Regression ◽  
Adf Test

In developing countries, insufficient internal sources cause the increase of need on external sources. These countries in order to maintain their economic growth apply for external debt to cover the gap of foreign currency and savings. After the collapse of Soviet Union, Kyrgyzstan began to use external funds. It is very important to use these sources in accurate areas and efficiently. Most empirical studies indicate a negative correlation between foreign debt and economic growth, especially in those countries whose foreign debts are relatively high. This work examines the correlation between foreign debt and economic growth in Kyrgyz economy. Toward this objective, it uses the economic indicators of Kyrgyzstan between 1993 and 2015. The stationarity of time series data used in this study was tested by the ADF test. Than a least-squares regression analysis is performed. According to the findings of study, foreign debt in Kyrgyzstan have a negative impact on economic growth. According to results foreign debt should be reduced in order to increase the level of economic growth in Kyrgyzstan.

scholarly journals Strengthening Indonesia's Economic Growth with Islamic and non-Islamic Macroeconomic Variable

2020 ◽  
Vol 11 (1) ◽  
pp. 107-128
Author(s):  
Eba Ismi Alifah ◽  
Anton Bawono
Keyword(s):  
Economic Growth ◽  
Error Correction ◽  
Foreign Debt ◽  
Error Correction Model ◽  
Correction Model ◽  
Islamic Bank ◽  
Short And Long Term ◽  
The Government ◽  
Autoregressive Conditional Heteroscedasticity

Abstract: This research was conducted to determine the effect of taxes, Sukuk, grants, inflation, foreign debt, total financing, and the network of Islamic bank offices on Indonesia's economic growth. Research data for each variable is monthly from 2009-2018. Data analysis variables use Error Correction Model (ECM) Test and Autoregressive Conditional Heteroscedasticity (ARCH) Test with Eviews ver.10. The results showed that in the short and long term, variables taxes, Sukuk, inflation, foreign debt, total financing, and office networks of Islamic banks) affected the Indonesian economic growth. At the same time, grants have no significant effect on economic growth. For variable predictions in the next year (2019), only economic growth, grants, inflation, foreign debt, and network of Islamic bank offices can be predicted. Meanwhile, taxes, Sukuk, and total financing cannot be identified in 2019 because the variables are not significant in the ARCH analysis, so it cannot be diagnosed about future values. This result implies that the government and the community must continue to work together to manage state revenues used to fund productive projects to stimulate economic growth.Abstrak: Penelitian ini dilakukan untuk mengetahui pengaruh pajak, sukuk negara, hibah, inflasi, utang luar negeri, jumlah pembiayaan dan jaringan kantor bank syariah terhadap pertumbuhan ekonomi Indonesia. Data penelitian setiap variabel berupa bulanan dari tahun 2009-2018. Uji variabel penelitian menggunakan Uji Error Correction Model (ECM) dan Uji ARCH menggunakan Eviews ver.10. Hasil penelitian menunjukkan bahwa dalam jangka pendek maupun jangka panjang, variabel pajak, sukuk negara, inflasi, utang luar negeri, jumlah pembiayaan dan jaringan kantor bank syariah berpengaruh signifikan terhadap pertumbuhan ekonomi Indonesia. Sedangkan variabel hibah tidak berpengaruh secara signifikan terhadap pertumbuhan ekonomi. Untuk prediksi variabel di tahun berikutnya (tahun 2019), hanya variabel pertumbuhan ekonomi, hibah, inflasi, utang luar negeri dan jumlah jaringan kantor bank syariah yang dapat diprediksi, sedangkan pajak, sukuk negara, dan jumlah pembiayaan tidak dapat diketahui nilai perkembangannya di tahun 2019 karena variabel tersebut tidak signifikan pada analisis ARCH. Sehingga tidak dapat di diagnosa dalam bentuk ARCH untuk dilakukan forecast data agar diketahui tentang nilai di masa yang akan datang. Implikasi dari temuan ini adalah diperlukan upaya yang berkesinambungan dari pemerintah dan masyarakat dalam mengelola penerimaan negara yang dimanfaatkan untuk mendanai proyek yang produktif sehingga dapat mempercepat pertumbuhan ekonomi. 

scholarly journals Keterbukaan Ekonomi dan Pertumbuhan Ekonomi di Lima Negara ASEAN Periode 1996-2017

2020 ◽  
Vol 4 (1) ◽  
pp. 14-24
Author(s):  
Nabila Eka Marza Oktavia ◽  
Aris Soelistyo
Keyword(s):  
Economic Growth ◽  
Panel Data ◽  
Linear Regression ◽  
Multiple Linear Regression ◽  
Regression Coefficient ◽  
Foreign Debt ◽  
T Test ◽  
Coefficient Of Determination ◽  
Testing Hypotheses ◽  
Asean Countries

This study aims to determine the effect of foreign debt, exports, and inflation on economic growth in the five ASEAN countries in the period 1996-2017. The tool used in this study is multiple linear regression using panel data by testing hypotheses, namely test f, t test, coefficient of determination . The results of this study show together foreign debt, exports, and inflation against economic growth in five ASEAN countries, with a probability value of 0.0000. While individually foreign debt has a negative and significant effect on economic growth with a regression coefficient of -2.599232 and a probability value of 0.0035, exports have a positive and significant effect on economic growth with a regression coefficient of 1.801832 and a probability value of 0.0573, and inflation has a negative and significant effect on economic growth with a regression coefficient of -0.245798 and a probability value of 0.0000.

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