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Debt and investments: analysis of selected countries

Author

Listed:
  • Talant Kaliyeva

    (L. N. Gumilyov Eurasian National University, Kazakhstan)

  • Lyazzat Sembiyeva

    (L. N. Gumilyov Eurasian National University, Kazakhstan)

  • Aida Zhagyparova

    (L. N. Gumilyov Eurasian National University, Kazakhstan)

  • Azyk Orozonova

    (National Academy of Science of Kyrgyz Republic, Kyrgyzstan)

  • Gulzhan Tazhbenova

    (Eurasian Humanities Institute, Kazakhstan)

  • Zhanat Tulegenova

    (Turan-Astana University, Kazakhstan)

Abstract

Starting with overview of existing approaches to meaning and use of the terms the paper focuses on analysis of two indicators vital in any economy – debt and investments. It discusses the differences of sovereign and country debts as well as internal and external debts. Public debt is important indicator for government performance evaluation but outcome and impact of total external debt should be on focus too for sustainable growth of any country. The article discusses the results of analysis conducted with regard to the gross public debt, gross external debt by sectors. Further analysis is focused on Foreign Direct Investment and External Debt stocks of the selected countries which are from developing and emerging economies. Empirical analysis of external debt and foreign direct investments of Kazakhstan is carried out as of the country which leads the list of Foreign Direct Investment related component of the external debt. We discuss the important factors to be further investigated with regard to debt management and investment policy of a country.

Suggested Citation

  • Talant Kaliyeva & Lyazzat Sembiyeva & Aida Zhagyparova & Azyk Orozonova & Gulzhan Tazhbenova & Zhanat Tulegenova, 2020. "Debt and investments: analysis of selected countries," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 8(2), pages 1267-1285, December.
    • Handle: RePEc:ssi:jouesi:v:8:y:2020:i:2:p:1267-1285
    DOI: 10.9770/jesi.2020.8.2(75)
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    References listed on IDEAS

    as
    1. Sailesh Tanna & Chengchun Li & Glauco De Vita, 2018. "The role of external debt in the foreign direct investment–growth relationship," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 23(4), pages 393-412, October.
    2. Nur Hayati Abd Rahman & Shafinar Ismail & Abdul Rahim Ridzuan, 2019. "How does public debt affect economic growth? A systematic review," Cogent Business & Management, Taylor & Francis Journals, vol. 6(1), pages 1701339-170, January.
    3. Panagiotis Pegkas, 2018. "The Effect of Government Debt and Other Determinants on Economic Growth: The Greek Experience," Economies, MDPI, vol. 6(1), pages 1-19, February.
    4. Zhenghui Li & Hao Dong & Zimei Huang & Pierre Failler, 2019. "Impact of Foreign Direct Investment on Environmental Performance," Sustainability, MDPI, vol. 11(13), pages 1-16, June.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    external debt; Foreign Direct Investment; investments; public debt; quasicorporations;
    All these keywords.

    JEL classification:

    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

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