The behavior of external debt in Asian countries: evidence based on panel unit root test

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 drawn f...

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Bibliographic Details
Main Authors: Evan, Lau, Ahmad Zubaidi, Baharumshah, Siew-Voon, Soon
Format: Article
Language:English
Published: Taylor & Francis 2013
Subjects:
Online Access:http://ir.unimas.my/id/eprint/15722/1/The%20behavior%20of%20external%20debt%20in%20%28abstrak%29.pdf
http://ir.unimas.my/id/eprint/15722/
http://www.tandfonline.com/doi/abs/10.3846/16111699.2012.720589?src=recsys
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