scholarly journals ANALISIS PENGARUH UTANG LUAR NEGERI DAN RISIKO NEGARA TERHADAP CAPITAL FLIGHT DI NEGARA BERKEMBANG ASEAN

2021 ◽  
Vol 1 (1) ◽  
pp. 334-348
Author(s):  
Rt. Ainun Lutfiah ◽  
Vadilla Mutia Zahara ◽  
Cep Jandi Anwar
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Current Account ◽  
Political Instability ◽  
Foreign Debt ◽  
Statistical Test ◽  
Capital Flight ◽  
Export Ratio ◽  
The World ◽  
The Current Account

This study aims to analyze the effect of foreign debt and country risk on capital flight in ASEAN developing countries. The country's risks include the current account/export ratio, economic growth, inflation, and political instability. Determination of the sample is based on annual time-series data for the period 2005 to 2019. The data used in this study is secondary data from the World Bank 2021 and the World Governance Indicator (WGI) 2021. This study uses panel data regression analysis with Fixed Effect Model using cross-section SUR (Seemingly Unrelated Regression). Based on the results of the F statistical test (simultaneous test) shows that foreign debt, current account/export ratio, economic growth, inflation, and political instability simultaneously have a significant effect on capital flight in ASEAN developing countries from 2005 to 2019. Then, based on the results t statistical test (partial test) shows that foreign debt, economic growth, inflation, and political instability have a significant positive effect on capital flight, while the current account/export ratio has a significant negative effect on capital flight in ASEAN developing countries from 2005 to 2019

The Effects of Macroprudential Policies on Financial Stability in Developing Countries

2019 ◽  
pp. 92-114
Author(s):  
Sümeyra Gazel
Keyword(s):  
Developing Countries ◽  
Exchange Rate ◽  
Current Account ◽  
Financial Stability ◽  
Current Account Deficit ◽  
Common Factor ◽  
Policy Instruments ◽  
Credit Growth ◽  
Macroprudential Policies ◽  
The Current Account

In this chapter, the concept of financial instability is examined in terms of the policy instruments used by central banks. Although the policy instruments used in each country differ according to the country conditions, it is thought that the common factor among developing countries with a current account deficit problem is exchange rate volatility resulting from excessive credit growth and short-term capital movements. In this context, Argentina, Brazil, Chile, Colombia, Hungary, Indonesia, India, Mexico, Poland, South Africa, and Turkey are examined with regard to the effects of macroprudential policies on financial stability for the period between Q2 of 2006 and Q2 of 2017 by using the time-varying panel causality test developed by Dumitrescu and Hurlin. The results of the analysis indicate that excessive credit growth is a cause of the current account deficit. The same findings are also valid for interest rate. There is no obvious link between the exchange rate and the current account deficit.

scholarly journals Implications of the U.S. Current Account Deficit

1989 ◽  
Vol 3 (4) ◽  
pp. 153-165 ◽  
Author(s):  
David H Howard
Keyword(s):  
United States ◽  
Current Account ◽  
Current Account Deficit ◽  
Analytical Framework ◽  
The United States ◽  
Balance Of Payments ◽  
The World ◽  
The U.S ◽  
The Current Account

In 1988, the United States recorded a deficit of about $135 billion on the current account of its balance of payments with the rest of the world. This paper presents an analytical framework for thinking about the current account deficit, explores causes of the current account deficit, and discusses the United States as a debtor nation and the issue of sustainability.

CHINA — CAN RAPID ECONOMIC GROWTH CONTINUE?

2004 ◽  
Vol 49 (02) ◽  
pp. 255-272 ◽  
Author(s):  
ANDREA BOLTHO
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
World Economy ◽  
Terms Of Trade ◽  
Resource Reallocation ◽  
Labor Policies ◽  
Cheap Labor ◽  
Rapid Economic Growth ◽  
The World ◽  
Catch Up

Between 1978 and 2000, Chinese GDP expanded more than seven-fold; present official projections suggest a further four-fold expansion to 2020. Is this feasible and, if so, what would be the consequences for the rest of the world? China has a huge catch-up potential and a vast resource of cheap labor. Policies are improving. The fiscal, employment and regional disparity problems, while serious, seem manageable. Hence, further rapid growth is possible. For the world economy this is bound to be beneficial thanks to resource reallocation, the growth of a large market and likely terms of trade gains. Developing countries, particularly in Asia, will, however feel a strong competitive challenge.

Bhutan - Assessment Letter for the World Bank

Policy Papers ◽  
2012 ◽  
Vol 2012 (97) ◽  
Author(s):  
Keyword(s):  
World Bank ◽  
Current Account ◽  
Current Account Deficit ◽  
Gdp Growth ◽  
Medium Term ◽  
The World Bank ◽  
The World ◽  
The Current Account

Bhutan's growth has remained robust, but the current account deficit has widened. • Bhutan's economy has expanded at a robust pace driven by the hydropower sector developments. GDP growth is estimated at nearly 8 percent in 2011/12 (from 8.5 percent in 2010/11), and is projected to reach 12.5 percent in 2012/13 due to the acceleration in hydropower-related construction. Inflation has risen, reaching 13.5 percent in 2012Q2, with both food and nonfood components accelerating. Bhutan’s medium-term outlook is favorable, as growth should remain strong at around 8-9 percent over the medium term, driven by developments in the hydropower sector, manufacturing, and domestic services.

Determinant of Foreign Direct Investment into Developing Countries in the Circumstance of Globalization

Upravlenie ◽  
10.12737/8791 ◽  
2015 ◽  
Vol 3 (1) ◽  
pp. 76-79
Author(s):  
Данг ◽  
May An Dang
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Foreign Direct Investment ◽  
Intellectual Property ◽  
Foreign Investment ◽  
Direct Investment ◽  
Education Level ◽  
Property Right ◽  
Intellectual Property Right ◽  
The World

Foreign investment, especially FDI plays a role more and more important for economic growth and international integration. However, the flux of FDI in the world is influenced by many determinants such as the population, GDP, the education level, the law on intellectual property right… Analyzing these determinants of FDI could contribute to find out the trend of global FDI and the solutions for developing countries to attract more FDI for economic growth.

scholarly journals Current Account Fragilities in the Balkan Countries

2014 ◽  
Author(s):  
Ercan Uygur
Keyword(s):  
Exchange Rates ◽  
Current Account ◽  
Trade Balance ◽  
Current Account Deficit ◽  
Real Exchange Rates ◽  
Foreign Debt ◽  
Debt Ratio ◽  
Current Account Deficits ◽  
Balkan Countries ◽  
The Current Account

The basic aim of this paper is to make an evaluation of the current account deficits in the Balkan countries. Particularly, sustainability of these deficits is explored for some countries on the basis of a criterion that makes use of variables including foreign debt ratio, growth rate, exchange rate, foreign interest rate and foreign trade balance ratio. Countries with significant current account deficit/GDP ratios include, in descending order, Albania, Bosnia Herzegovina, Turkey, Serbia and Macedonia. Sources of financing of the current account deficits, real exchange rates and inflation are other variables that are considered in the evaluations.

scholarly journals Analisis faktor-faktor yang mempengaruhi utang luar negeri Indonesia

2019 ◽  
Vol 7 (3) ◽  
pp. 137-146
Author(s):  
Reza Fahlepi ◽  
Syaparuddin Syaparuddin
Keyword(s):  
Current Account ◽  
Budget Deficit ◽  
Foreign Debt ◽  
Multiple Regression Model ◽  
Least Square ◽  
Coefficient Of Determination ◽  
Current Account Balance ◽  
Ordinary Least Square ◽  
The Current Account

The purpose of this study is to (1) see the description of Indonesia's foreign debt, saving-investment gap, current account balance, and the budget deficit for the period 1990-2016. (2) analyze the effect of the saving-investment gap, current account balance, and budget deficit on Indonesia's foreign debt. The method used in this research is descriptive quantitative analysis with multiple regression model analysis using the Ordinary Least Square (OLS) method. The results of this research are the average development of Indonesia's foreign debt is 6.21 percent, the Saving-Investment gap is 12.47 percent, the current account balance is 394.19 percent, and the budget deficit is 60.91 percent. Based on the analysis results, the Saving-Investment gap and budget deficit have a positive and significant effect on foreign debt. In contrast, the current account balance has a negative and insignificant effect on foreign debt, with a coefficient of determination of 85.52 percent. Keywords: Foreign debt, Saving-investment gap, Current account, Budget deficit

scholarly journals How to be an Asian Tiger

1997 ◽  
Vol 2 (2) ◽  
pp. 87-108
Author(s):  
Anis Alam
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
World Bank ◽  
Developed Countries ◽  
Small Country ◽  
The World Bank ◽  
Asian Tiger ◽  
The World ◽  
The Republic ◽  
Industrialised Countries

In 1995 the Republic of Korea (ROK) was officially admitted to the Organisation for Economic Cooperation and Development (OECD). This organisation groups together industrially developed countries of the world. Recently, the World Bank has also released a study of China that predicts that China is going to become the second biggest economy in the next fifteen years if its economic growth follows the pattern of the last fifteen years. ROK is the only country from among the developing countries to join the ranks of the developed industrialised countries in the last thirty years. However, it is still a small country compared to China. Hence when China completes its transformation into an industrialised country the whole world will be affected.

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