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Debt–growth nexus: a spatial econometrics approach for developing countries

Record type: Article

The objective of this paper is to examine the role of external debt in a country’s economic growth. With 31 developing countries divided into four regions, this paper employs the recent technique of spatial econometrics to incorporate the neighbouring effect in the debt–growth model. The empirical results reveal that the East Asia and Pacific, Latin America and Caribbean and the Sub-Saharan Africa regions provide convincing evidence to support a negative relationship between the external debt and economic growth. In addition, there is evidence to support the existence of spillover growth among neighbouring countries. This suggests that the role of spatial correlation is important and should be considered for any analysis of the growth model.

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Citation

Mohd Daud, Siti Nurazira and Podivinsky, Jan M. (2011) Debt–growth nexus: a spatial econometrics approach for developing countries Transition Studies Review, 18, (1), pp. 1-15. (doi:10.1007/s11300-011-0190-6).

More information

e-pub ahead of print date: 26 February 2011
Published date: September 2011
Keywords: economic growth, international economics, external debt, spatial econometrics
Organisations: Economics

Identifiers

Local EPrints ID: 200055
URI: http://eprints.soton.ac.uk/id/eprint/200055
ISSN: 1614-4007
PURE UUID: cf50ebd7-ed5d-4f2a-9108-fc8a8b23ca43

Catalogue record

Date deposited: 21 Oct 2011 10:53
Last modified: 18 Jul 2017 11:14

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Contributors

Author: Siti Nurazira Mohd Daud

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