An Econometric Analysis of Determinants of External Debt in Pakistan
Rehmat Ullah Awan, Akhtar Anjum, Shazia Rahim
Journal of Economics, Management and Trade · pp. 382–391 · Published 6 Nov 2014
10.9734/BJEMT/2015/8837Abstract
Present study examined macroeconomic determinants of external debt in Pakistan using annual time series data from 1976 to 2010.Cointegration technique has been used to find long run equilibrium relationship while short run dynamics have been analyzed using ECM. By applying ARDL model results depicted that Fiscal deficit, Nominal exchange rate and Trade openness are statistically significant determinants of external debt as they increase the debt burden of Pakistan. Foreign aid is also positively related to external debt but statistically insignificant. In contrast Terms of trade are negatively related to external debt being statistically insignificant.
Cited by 19
Umut AKDUĞAN, Seyhun DOĞAN · Finansal Araştırmalar ve Çalışmalar Dergisi · 2020
Lord Mensah, Felix Kwasi Arku · African Journal of Economic and Management Studies · 2024
Department of Marketing, Faculty of Social and Management Sciences, Adamawa State University, Mubi, Nigeria, Farida Balarabe, Simon Samaila · Journal of Exceptional Multidisciplinary Research · 2024
Naledi Blessing Mokoena, Johannes Tshepiso Tsoku, Martin Chanza · Lecture Notes in Networks and Systems · 2022
S. Pratibha, Vishal Sharma, M. Krishna · Resources Policy · 2024
Sandra Bernardo, Maria Luísa Vasconcelos, Fátima Rocha · Economies · 2024
Muhammad Dawood, Samuel Tawiah Baidoo, Syed Mehmood Raza Shah · Development Studies Research · 2021
Idrys Fransmel Okombi, Vaccili Belneche Mampieme · Resources Policy · 2024
Osman Chilala · SSRN Electronic Journal · 2021
Related research
- Empirical Analysis of Banking Sector, Stock Market and Economic Growth Nexus in Nigeria — shares topic coverage
- Effect of Financial Deepening on Economic Growth in Nigeria: A Time Series Appraisal (1986-2018) — shares topic coverage
- Household Consumption, Domestic Investment, Government Expenditure and Economic Growth: New Evidence from Malaysia — shares topic coverage
- The Export Led-Growth and FDI Led-Growth Nexus in Malaysia: Evidence from ARDL Analysis — shares topic coverage
- Analysis of Climate Change Effect on Agricultural Production in Benin — shares topic coverage
Article metrics
Real usage data collected on this platform.
0
Page views
0
PDF downloads
0
Outbound clicks
19
Citations
Views by country
Approximate, from request IP at view time — not citizenship or institution. Countries with fewer than 5 views are grouped as "Other".
No views recorded yet.
Traffic sources
Referring site, by host.
No traffic recorded yet.
Views and downloads exclude known bots/crawlers. Citations combines this platform's own DOI-resolved index with each external source's own reported total — see Cited by above for individually listed citing works. Last refreshed 0 seconds ago.