Determinants of External Debt: A Panel Data Analysis for Oil & Gas Exporting and Importing Countries
Abstract
This study investigates the macroeconomic determinants of external debt in oil & gas exporting and importing countries. The study uses panel data of 12 oil & gas exporting and 12 oil & gas importing countries covering the period 2004-2013. The study identifies eight macroeconomic factors that significantly affect the external debt of oil & gas exporting and importing countries. The major lesson learnt from this study is the importance of avoiding particular generalization for external debt accumulation factors for oil & gas exporting and importing countries. Furthermore, the effect of different macroeconomic factors can be different in these two groups of countries.
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Details
| Other ID | JA67BY63YC |
|---|---|
| Journal Section | Research Article |
| Authors | |
| Publication Date | March 1, 2017 |
| Published in Issue | Year 2017 Volume: 7 Issue: 1 |