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External Debt, Institutional Quality and Economic Growth
This paper examines the role of institutional quality in the external debt–economic growth relationship. By taking a dynamic threshold specification to a panel data consisting of 53 countries, we find that external debt has an adverse effect on a country’s growth, while institutional quality improves it. We find that the effect of external debt on economic growth depends on the level of institutional quality. In addition, at a high level of external debt, the effect of institutional quality on growth is very small, suggesting that the adverse effect of external debt on a country’s economic growth holds true.
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| PSB lt.2 - Karya Akhir (Majalah) | 1 |
| Penerbit | Jakarta: Bank Indonesia 2020 |
|---|---|
| Edisi | Volume 23, Number 2, 2020 |
| Subjek | Economic growth External debt Institutional quality |
| ISBN/ISSN | 2460-9196 |
| Klasifikasi | NONE |
| Deskripsi Fisik | 296 p. |
| Info Detail Spesifik | Bulletin of Monetary Economics and Banking |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas |