National Debts and Economic Growth Using The Coppock Curve: The Case of Emerging Markets  

Oleh:

Fauzan, Mohamad Firda

Jenis: Article from Bulletin/Magazine - ilmiah lokal
Dalam koleksi: Perencanaan Pembangunan vol. II no. 1 (Aug. 2015), page 64-73.
Topik: economic growth; emerging markets; external debt level; Coppock curve

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: PP66 Non-tandon: tidak ada Tandon: 1

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Isi artikel

In the past three decades, average economic growth rate for Emerging Markets have been fairly above that of world average and debt of Emerging Markets are lower than that of Advances Economies. Thus, this paper attempts to discuss the evolution of external debt to GDP ratio in emerging economies and how it may have impacted on economic growth. Although the relationship between external debt level and economic growth is unclear, some studies have suggested that on average, high levels of external debt to GDP ratio is associated with slow economic growth (Hendon et all, 2013). Our analysis is based on data from six emerging economies that are Brazil, India, Indonesia, Mexico, Nigeria and Turkey from 1972 to 2012. Our findings reveal that there is a negative relationship between external debt level and GDP growth. However, this result is only applicable to long run trend based on the Coppock Curve and not necessarily applicable to short run movements in the two variables.

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