stdClass Object
(
    [id] => 6767
    [paper_index] => 202204-02-009813
    [title] => THE RELATIONSHIP BETWEEN EXTERNAL PUBLIC DEBT AND ECONOMIC GROWTH: AS A CASE OF UZBEKISTAN
    [description] => 
    [author] => Akmal Allakuliev, Fayzullokh Sattoriy
    [googlescholar] => https://scholar.google.co.in/scholar?cluster=4330337302443128190&hl=en&as_sdt=0,5
    [doi] => https://doi.org/10.36713/epra9813
    [year] => 2022
    [month] => April
    [volume] => 7
    [issue] => 4
    [file] => 947pm_2.EPRA JOURNALS 9813.pdf
    [abstract] => This study investigates the relationship between external debt and economic growth in the Uzbekistan during the period 2010–2020.  Two-step Engle and Granger Cointegration method is employed to determine the cointegration relationship between external debt and GDP growth. Our findings show that there is a negative significant relationship between external debt and economic growth. We can also observe that a 1% increase in external debt will lead to a 24% decrease in GDP growth. Also the results of ECM model suggests that if economic shocks and periodic downturn occur in GDP as a result of external debt, then 86.0% will return to its equilibrium in each subsequent short period. This suggests that GDP growth may return to its equilibrium after a period of 1.17 (1/86) from debt crisis and shocks.
    [keywords] =>  economic growth, cointegration, debt overhang, external public debt, error correction model
    [doj] => 2022-04-05
    [hit] => 1500
    [status] => y
    [award_status] => P
    [orderr] => 2
    [journal_id] => 2
    [googlesearch_link] => 
    [edit_on] => 
    [is_status] => 1
    [journalname] => EPRA International Journal of Research & Development (IJRD)
    [short_code] => IJSR
    [eissn] =>  2455-7838 (Online)
    [pissn] => - -
    [home_page_wrapper] => images/products_image/2-n.png
)
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