Evaluation of the Equilibrium Level in Economic Growth under Influence of External Debt
作者: Adam H. YagoobQian Zhengming
刊名: Journal of Economics and Sustainable Development, 2015
来源数据库: International Institute of Science, Technology and Education
原始语种摘要: This paper is an attempt to develop Cointegration and Error Correction Model (ECM) that evaluates the effect of external debt sustainability on economic growth of Sudan; then, compares the long run relationship between external debt and economic growth. The compatibility of the two methods together will be assessed in comparing the results. The data retrieved from World Development Indicators (WDI) of The World Bank for the period 1978-2011. The empirical results showed that trade openness, inflation, capital formation and measures of external debt sustainability have a significant impact on the economic growth of Sudan. Furthermore, this result is confirmed by the estimates of both Johansen Cointegration and Engle Granger error correction method. However, the later showed that initially,...
全文获取路径: 科学、技术和教育国际协会 
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关键词翻译
关键词翻译
  • economic 经济的
  • equilibrium 平衡
  • inflation 膨胀
  • openness 开放
  • Growth 生长
  • compatibility 相容性
  • adjustment 
  • external 外部的
  • empirical 经验的
  • explanatory 说明