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

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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...

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Bibliographic Details
Main Authors:	Lau, Evan, Baharumshah, Ahmad Zubaidi, Soon, Siew Voon
Format:	Article
Language:	English
Published:	Vilnius Gediminas Technical University (VGTU) Press Technika 2013
Online Access:	http://psasir.upm.edu.my/id/eprint/28317/ http://psasir.upm.edu.my/id/eprint/28317/1/The%20behavior%20of%20external%20debt%20in%20Asian%20countries.pdf

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