External debt and economic growth: The case of emerging economy

Sami Al Kharusi*, Mbah Stella Ada

*المؤلف المقابل لهذا العمل

نتاج البحث: المساهمة في مجلةمراجعة النظراء

34 اقتباسات (Scopus)

ملخص

This study investigated the relationship between government external borrowing and economic growth, prompted by continuous increases in Oman’s external debt to finance its annual budget. Time series data for the period 1990~2015 were collected from the World Bank and the Central Bank of Oman. The study employed the Autoregressive Distributed Lag cointegration approach explain the error correction mechanism to ascertain the short-run dynamic nature of external debt and economic growth. Consistent with some existing empirical evidence, the study reveals a negative and significant influence of external debt on economic growth in Oman. Further, gross fixed capital was found to be positively significant in determining growth performance in Oman. The study, therefore, recommends a more productive use of the external debt fund in order to affect positive growth.

اللغة الأصليةEnglish
الصفحات (من إلى)1141-1157
عدد الصفحات17
دوريةJournal of Economic Integration
مستوى الصوت33
رقم الإصدار1
المعرِّفات الرقمية للأشياء
حالة النشرPublished - مارس 2018

ASJC Scopus subject areas

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