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Foreign Debt, Financial Stability, Exchange Rate Volatility and Economic Growth in South Asian Countries

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  • Ali, Amjad

Abstract

The current study has examined the link between exchange rate volatility, financial stability, foreign debt, and economic growth in a few South Asian nations from 1985 to 2020. The findings show that labor force participation has a positive and significant link with economic growth. Financial stability has a positive and significant influence on economic growth. Physical capital has a positive and significant relationship with economic growth because South Asian countries have labor as a larger factor of production. Foreign debt has a negative and insignificant influence on the level of growth, whereas, exchange rate volatility has a positive and significant relationship with economic growth. The overall results conclude that exchange rate volatility, financial stability, foreign debt, physical capital availability, and labor force participation are playing important roles in determining economic growth in the case of selected South Asian countries.

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  • Ali, Amjad, 2022. "Foreign Debt, Financial Stability, Exchange Rate Volatility and Economic Growth in South Asian Countries," MPRA Paper 116099, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:116099
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    Cited by:

    1. Ali, Amjad, 2022. "Determining Pakistan's Financial Dependency: The Role of Financial Globalization and Corruption," MPRA Paper 116097, University Library of Munich, Germany.
    2. Ali, Amjad & Audi, Marc, 2023. "Analyzing the Impact of Foreign Capital Inflows on the Current Account Balance in Developing Economies: A Panel Data Approach," MPRA Paper 118173, University Library of Munich, Germany.
    3. Audi, Marc & Ehsan, Rehan & Ali, Amjad, 2022. "Does Globalization Promote Financial Integration in South Asian Economies? Unveiling the Role of Monetary and Fiscal Performance in Internationalization," MPRA Paper 119365, University Library of Munich, Germany, revised 2023.
    4. Shahid Manzoor Shah & Amjad Ali, 2022. "A Survey on Financial Inclusion: Theoretical and Empirical Literature Review," Journal of Policy Research (JPR), Research Foundation for Humanity (RFH), vol. 8(4), pages 310-330, December.
    5. Ali, Amjad & Khokhar, Bilal & Sulehri, Fiaz Ahmad, 2023. "Financial Dimensions of Inflationary Pressure in Developing Countries: An In-depth Analysis of Policy Mix," MPRA Paper 119364, University Library of Munich, Germany.
    6. Heena Nauman & Tayyaba Noor & Asma Nisar, 2023. "Factors Influencing the Purchase Intention towards Sustainable Food Consumption," Journal of Policy Research (JPR), Research Foundation for Humanity (RFH), vol. 9(2), pages 144-154.
    7. Ali, Amjad, 2022. "Financial Liberalization, Institutional Quality and Economic Growth Nexus: Panel Analysis of African Countries," MPRA Paper 116101, University Library of Munich, Germany.
    8. Jamshed Ali & Rab Nawaz Lodhi & Muhammad Irfan & Muhammad Shahid Tufail, 2022. "Effects of Brand Attributes on Word of Mouth: Mediating Role of Brand Trust and Brand Love," Journal of Policy Research (JPR), Research Foundation for Humanity (RFH), vol. 8(4), pages 213-226, December.

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    More about this item

    Keywords

    Economic growth; Exchange rate volatility; Foreign debt; Financial stability;
    All these keywords.

    JEL classification:

    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • G01 - Financial Economics - - General - - - Financial Crises
    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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