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Analysis of Foreign Debt and Economic Growth in Turkey by Using Core Regression

Author

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  • Hasan Alp Özel

    (Karabük Üniversitesi)

Abstract

The duration and volume of foreign indebting bear an important issue for every economy no matter how developed it is. Foreign indebting, which is applied when domestic savings can not meet the planned investments, causes different results based on the economic structures and the way that they use these funds. This study investigates the relationship between foreign debt and economic growth for Turkish economy using core regression method. The data have been obtained from the statistics database of World Bank for the years 1970 to 2013 annually. Existing data reveals that 1 unit increase in foreign debt of Turkey decreases economic growth at about 0,12

Suggested Citation

  • Hasan Alp Özel, 2015. "Analysis of Foreign Debt and Economic Growth in Turkey by Using Core Regression," Eurasian Eononometrics, Statistics and Emprical Economics Journal, Eurasian Academy Of Sciences, vol. 1(1), pages 18-31, April.
    • Handle: RePEc:eas:econst:v:1:y:2015:i:1:p:18-31
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    More about this item

    Keywords

    Economic Growth; Foreign Debt; Turkish Economy; Core Regression; Sustainable Indebting;
    All these keywords.

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt

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