IDEAS home Printed from https://ideas.repec.org/a/jda/journl/vol.46year2012issue1pp91-111.html
   My bibliography  Save this article

Economic Growth Dynamics And Short-Term External Debt In Thailand

Author

Listed:
  • Hector C. Butts
  • Dr. Ivor Mitchell
  • Albert Berkoh

    (Morris Brown College, USA
    Clark Atlanta University, USA
    Morris Brown College, USA)

Abstract

The paper examined the short- and long-run relationships between short-term external debt and economic growth in Thailand over the period 1970-2003. The ARDL-bounds test procedure to co-integration was used. Results reveal that real STED and real GDP are correlated positively and significantly as well as co-integrated. There is indirect Granger-causality from economic growth to short-term external debt for the consumption effects. There is evidence that economic growth, exchange rate, and international reserves are determinants of short-term external debt for Thailand. The prominence of exchange rates suggests that it may be used to correct for STED disequilibrium in Thailand. To our knowledge we are the first to uncover these results.

Suggested Citation

  • Hector C. Butts & Dr. Ivor Mitchell & Albert Berkoh, 2012. "Economic Growth Dynamics And Short-Term External Debt In Thailand," Journal of Developing Areas, Tennessee State University, College of Business, vol. 46(1), pages 91-111, January-J.
    • Handle: RePEc:jda:journl:vol.46:year:2012:issue1:pp:91-111
    as

    Download full text from publisher

    File URL: http://muse.jhu.edu/journals/journal_of_developing_areas/v046/46.1.butts.html
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Growth-Debt Causality Nexus; Short-term External debt; Trade and Development;
    All these keywords.

    JEL classification:

    • C1 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General
    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
    • O2 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:jda:journl:vol.46:year:2012:issue1:pp:91-111. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Abu N.M. Wahid (email available below). General contact details of provider: https://edirc.repec.org/data/cbtnsus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.