Artikel_Unveiling external debt dynamics: Interdependencies of macroeconomicvariables in ASEAN-7

Sukanto, Sukanto and Azwardi, Azwardi and Atiyatna, Dirta Pratama and Hamira, Hamira and Mukhlis, Mukhlis (2024) Artikel_Unveiling external debt dynamics: Interdependencies of macroeconomicvariables in ASEAN-7. Jurnal Perspektif Pembiayaan dan Pembangunan Daerah (The Journal of Perspectives on Financing and Regional Development), 12 (1). pp. 1-16. ISSN 2355-8520

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Abstract

This study explores the interplay between external debt, infrastructure investment, epidemic response funding, net exports, and the consumer price index (CPI) in seven ASEAN countries—Indonesia, Myanmar, Thailand, Cambodia, Laos, the Philippines, and Vietnam—during the period from 2000 to 2020. Data were derived from the World Bank, OECD, and IMF. This research uses the autoregressive distributed lag model (ARDL) panel data approach to estimatethe short-term and long-term relationships among the variables.Short-term results reveal that infrastructure investment, epidemic response funding, net exports, and the CPI do not significantly impact external debt. However, in the long-term analysis, epidemic response funding, net exports, and the CPI positively affectexternal debt. These findings have significant implications for policymakers in developing countries, especially within the ASEAN region.

Item Type:	Article
Uncontrolled Keywords:	External Debt, Infrastructure Budget, Epidemic Budget, Net Exports, Consumer Price Index.
Subjects:	H Social Sciences > HJ Public Finance > HJ2361-3192.7 By region or country H Social Sciences > HJ Public Finance > HJ7461-7980 Expenditures. Government spending
Depositing User:	Dr. Sukanto Sukanto
Date Deposited:	02 Jul 2024 23:04
Last Modified:	02 Jul 2024 23:04
URI:	http://repository.unsri.ac.id/id/eprint/148958

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