Determinants of External Debt: A Panel Data Analysis for Oil & Gas Exporting and Importing Countries
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AbstractThis study investigates the macroeconomic determinants of external debt in oil & gas exporting and importing countries. The study uses panel data of 12 oil & gas exporting and 12 oil & gas importing countries covering the period 2004-2013. The study identifies eight macroeconomic factors that significantly affect the external debt of oil & gas exporting and importing countries. The major lesson learnt from this study is the importance of avoiding particular generalization for external debt accumulation factors for oil & gas exporting and importing countries. Furthermore, the effect of different macroeconomic factors can be different in these two groups of countries.Keywords: External Debt, Panel Data, Oil & Gas, Exports & ImportsJEL Classifications: C13, C33, Q41, F14
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How to Cite
Waheed, A. (2017). Determinants of External Debt: A Panel Data Analysis for Oil & Gas Exporting and Importing Countries. International Journal of Economics and Financial Issues, 7(1), 234–240. Retrieved from https://www.econjournals.com/index.php/ijefi/article/view/3742