The Impact of Government’s Foreign Debt on Fiscal Sustainability of Indonesia

Yohanes Maria Vianey Mudayen

EN

The Impact of Government’s Foreign Debt on Fiscal Sustainability of Indonesia

Abstract

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.

Keywords

Government Debt, Economic Growth, Fiscal Sustainability, The Model Simultaneously

Details

Primary Language

English

Subjects

-

Journal Section

-

Authors

Yohanes Maria Vianey Mudayen This is me

Publication Date

September 1, 2017

Submission Date

September 1, 2017

Acceptance Date

-

Published in Issue

Year 2017 Volume: 7 Number: 3

IZ

https://izlik.org/JA44XA95XK

Cite

RIS / Bibtex

APA

Mudayen, Y. M. V. (2017). The Impact of Government’s Foreign Debt on Fiscal Sustainability of Indonesia. International Journal of Economics and Financial Issues, 7(3), 746-751. https://izlik.org/JA44XA95XK

AMA

1.Mudayen YMV. The Impact of Government’s Foreign Debt on Fiscal Sustainability of Indonesia. IJEFI. 2017;7(3):746-751. https://izlik.org/JA44XA95XK

Chicago

Mudayen, Yohanes Maria Vianey. 2017. “The Impact of Government’s Foreign Debt on Fiscal Sustainability of Indonesia”. International Journal of Economics and Financial Issues 7 (3): 746-51. https://izlik.org/JA44XA95XK.

EndNote

Mudayen YMV (September 1, 2017) The Impact of Government’s Foreign Debt on Fiscal Sustainability of Indonesia. International Journal of Economics and Financial Issues 7 3 746–751.

IEEE

[1]Y. M. V. Mudayen, “The Impact of Government’s Foreign Debt on Fiscal Sustainability of Indonesia”, IJEFI, vol. 7, no. 3, pp. 746–751, Sept. 2017, [Online]. Available: https://izlik.org/JA44XA95XK

ISNAD

Mudayen, Yohanes Maria Vianey. “The Impact of Government’s Foreign Debt on Fiscal Sustainability of Indonesia”. International Journal of Economics and Financial Issues 7/3 (September 1, 2017): 746-751. https://izlik.org/JA44XA95XK.

JAMA

1.Mudayen YMV. The Impact of Government’s Foreign Debt on Fiscal Sustainability of Indonesia. IJEFI. 2017;7:746–751.

MLA

Mudayen, Yohanes Maria Vianey. “The Impact of Government’s Foreign Debt on Fiscal Sustainability of Indonesia”. International Journal of Economics and Financial Issues, vol. 7, no. 3, Sept. 2017, pp. 746-51, https://izlik.org/JA44XA95XK.

Vancouver

1.Yohanes Maria Vianey Mudayen. The Impact of Government’s Foreign Debt on Fiscal Sustainability of Indonesia. IJEFI [Internet]. 2017 Sep. 1;7(3):746-51. Available from: https://izlik.org/JA44XA95XK