Differences in the Determinants of National Reserves across G7 and Rising Power Countries

Javid Suleymanli
Additional contact information
Javid Suleymanli: Azerbaijan State University of Economics (UNEC), Resistant Development and Green Economics Education Center, Azerbaijan.

International Journal of Energy Economics and Policy, 2022, vol. 12, issue 2, 431-443

Abstract: The article investigates the macroeconomic factors influencing national reserves in G7 and Rising Power countries. Factors that have been demonstrated and theoretically explained by many empirical investigations were used in the study. Two distinct panel data analyses were used with a half-century-old data collection for this aim. For each nation group, four distinct specifications have been developed. Both the System-GMM method, which is one of the dynamic panel data methodologies, and the Fixed Effects method were used to estimate the generated specifications. Robustness was applied to the coefficients produced in terms of consistency by employing other variables such as external debt crisis, population, exchange rate regime, and exchange rate crisis. As a result, it is concluded that FDI and deposit interest rates have a negative influence on national reserves in G7 countries while having a beneficial effect for Rising Power countries.

Keywords: National Reserves; Foreign Exchange Reserves; Rising Power Countries; G7 Countries (search for similar items in EconPapers)
JEL-codes: F30 F43 O40 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.econjournals.com/index.php/ijeep/article/download/12808/6707 (application/pdf)
https://www.econjournals.com/index.php/ijeep/article/view/12808 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eco:journ2:2022-02-48

Access Statistics for this article

International Journal of Energy Economics and Policy is currently edited by Ilhan Ozturk

More articles in International Journal of Energy Economics and Policy from Econjournals
Bibliographic data for series maintained by Ilhan Ozturk ().