TY  - JOUR
TT  - The Impact of Government’s Foreign Debt on Fiscal Sustainability of Indonesia
AU  - Mudayen, Yohanes Maria Vianey
PY  - 2017
DA  - September
JF  - International Journal of Economics and Financial Issues
JO  - IJEFI
PB  - İlhan ÖZTÜRK
WT  - DergiPark
SN  - 2146-4138
SP  - 746
EP  - 751
VL  - 7
IS  - 3
KW  - Government Debt
KW  - Economic Growth
KW  - Fiscal Sustainability
KW  - The Model Simultaneously
N2  - The aim of the research is to analyze the impact of government’s foreign debt on fiscal sustainability (FS) of Indonesia in 1979-2016. The model used in this research is a simultaneous equation model with the method of two stage least square. The simultaneous equation model regression results indicate that government foreign debt, FS which derives from the reduced-form equation and primary balance has a significant impact on the growth of economy in Indonesia positively. Government foreign debt lag and interest rate of Central Bank of Indonesia have a negative impact and it is significant toward the FS of Indonesia. However, the economic growth which comes from reduced form affect positively and have a significant impact on the FS of Indonesia.
UR  - https://dergipark.org.tr/en/pub/ijefi/article/354323
L1  - https://dergipark.org.tr/en/download/article-file/365457
ER  -