Public Debt and Economic Growth in The SouthEast Asian Countries

<p>This study examines the relationship between public debt and economic growth in eight countries in Southeast Asia that are members of ASEAN. Through the study will contribute reference for each country to establish their macroeconomic policies. Using 10 years of data from 2006 to 2015 and a...

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Bibliographic Details
Main Author: Muhammad Ghafur Wibowo
Format: Article
Language:Indonesian
Published: Universitas Islam Negeri Syarif Hidayatullah Jakarta 2017-02-01
Series:Signifikan
Subjects:
Online Access:http://journal.uinjkt.ac.id/index.php/signifikan/article/view/4779
Description
Summary:<p>This study examines the relationship between public debt and economic growth in eight countries in Southeast Asia that are members of ASEAN. Through the study will contribute reference for each country to establish their macroeconomic policies. Using 10 years of data from 2006 to 2015 and analysis tools Autoregression Vector (VAR), the study attempts to test the theory of finance led growth. The main finding of this study is that public debt is actually able to increase the economic growth of a country significantly, although it takes a few years of its existence. This finding supports several previous studies that demonstrate the important role of government debt to the economy of a country.</p>DOI: <a href="http://dx.doi.org/10.15408/sjie.v6i1.4779">10.15408/sjie.v6i1.4779</a>
ISSN:2087-2046
2476-9223