The behavior of external debt in Asian countries: evidence based on panel unit root tests
This article investigates the mean-reverting behavior of the external debt ratio based on a clustered of 19 Asian countries from 1981 to 2010. For this purpose, we use a government's intertemporal budget constraint (GIBC) model popularized by Hamilton and Flavin (1986). Our conclusions were dra...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Vilnius Gediminas Technical University (VGTU) Press Technika
2013
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| Online Access: | http://psasir.upm.edu.my/id/eprint/28317/1/The%20behavior%20of%20external%20debt%20in%20Asian%20countries.pdf |