- Reforma
- Issue: 94
- ВЛИЯНИЕ ГОСУДАРСТВЕННОГО ВНЕШНЕГО ДОЛГА НА ЭКОНОМИЧЕСКИЙ РОСТ В СТРАНАХ ЕВРАЗИЙСКОГО ЭКОНОМИЧЕСКОГО ...
ВЛИЯНИЕ ГОСУДАРСТВЕННОГО ВНЕШНЕГО ДОЛГА НА ЭКОНОМИЧЕСКИЙ РОСТ В СТРАНАХ ЕВРАЗИЙСКОГО ЭКОНОМИЧЕСКОГО СОЮЗА
Authors : Begimai Bilimbek Kyzy, Junus Ganiev
Pages : 24-36
View : 12 | Download : 8
Publication Date : 2022-08-15
Article Type : Research
Abstract :This study provides econometric analysis based on theoretical and empirical studies on the impact of public external debt of the Eurasian Economic Union (EAEU) countries on economic growth. First, cross-sectional dependence is studied by a CD test developed by Pesaran (2004) using annual data from 1994-2020. Then, the CADF unit root test, developed by Pesaran (2007), one of the unit root tests that takes into account cross-sectional dependence, is used to verify that the series are stationary. The cointegration relationship between the variables is determined by the panel cointegration test Persyn, D. and Westerlund J. (2008).Keywords : public external debt, EAEU, panel data analysis