Resumen de External Debt and Economic Growth: A Heterogeneous Static Panel Study in Asian Developing and Transition Economies
Muhammad Dawood, Zhang Biqiong, Ahmed Al Asfour, Memoona Nilofar
AbstractThis study examined the impact of total external debt, public external debt, and private external debt on economic growth of Asian developing and transition economies economic growth from 1995 to 2019. We applied the fixed effect model with two robust estimators of the feasible generalized least square estimator and Driscoll-Kraay standard error estimator to address the cross-sectional dependence. The findings showed that the total external debt has a significant and positive impact on economic growth while the public external debt and private external debt affect economic growth adversely.
