Determinants of External Debt: A Panel Data Analysis for Oil & Gas Exporting and Importing Countries

Authors

  • Abdul Waheed University of Bahrain

Abstract

This 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 & Imports

JEL Classifications: C13, C33, Q41, F14

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Author Biography

Abdul Waheed, University of Bahrain

Ph.D (International Development) from JapanAssociate Professor of Economics

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Published

2017-01-13

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://econjournals.com/index.php/ijefi/article/view/3742

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