Determinants of External Debt: A Panel Data Analysis for Oil and Gas Exporting and Importing Countries
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Abdul Waheed: Department of Economics and Finance, College of Business Administration, University of Bahrain, Bahrain.
International Journal of Economics and Financial Issues, 2017, vol. 7, issue 1, 234-240
This study investigates the macroeconomic determinants of external debt in oil and gas exporting and importing countries. The study uses panel data of 12 oil and gas exporting and 12 oil and gas importing countries covering the period 2004-2013. The study identifies eight macroeconomic factors that significantly affect the external debt of oil and 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 and 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 and Gas; Exports and Imports (search for similar items in EconPapers)
JEL-codes: C13 C33 Q41 F14 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eco:journ1:2017-01-30
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