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Unraveling the impact of public debt on economic dynamics in Southeast Asia: A vector analysis perspective

Jurnal Perspektif Pembiayaan dan Pembangunan Daerah · Vol. 11 No. 4 (2023) · hlm. 269–282

DOI
10.22437/ppd.v11i4.23758
ISSN
2355-8520, 2338-4603
Terbit
2023-10-31
Penerbit
Program Magister Ilmu Ekonomi Pascasarjana Universitas Jambi
Bahasa
en
Lisensi
creativecommons.org/licenses/by/4.0

Abstrak

This research employs a panel vector model to analyze panel data, examining the relationship between public debt, economic growth, interest rates, consumption, and net exports in Southeast Asia from 1990 to 2020. This quantitative study focuses on vector analysis using secondary data from the World Bank for the specified period. The findings reveal that public or state debt significantly inhibits most economic variables, suggesting a detrimental impact on Southeast Asia. A notable observation is the effect of rising interest rates on net exports, highlighting how increased rates hinder the exports of ASEAN member countries. Contrary to expectations, the analysis indicates that government spending escalates public debt. Furthermore, Southeast Asian consumption appears to bolster exports through international trade agreements. Interestingly, exports are found to increase government spending, implying a contribution to state revenues. A key finding is that economic growth, marked by GDP increases, positively influences all variables in this study, signifying that GDP growth spurs both the monetary and real sectors of the Southeast Asian economy.

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  • Universitas Jember
  • STIE Jaya Negara Tamansiswa
  • Universitas Merdeka Malang
  • Serang Raya University
  • National University of Singapore
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Rekan penulisOrganisasiArtikel bersama
Supriyadi SupriyadiSerang Raya University1
Kadek Wiwik IndrayantiUniversitas Merdeka Malang1
Eka Nugraha PutraNational University of Singapore1
Dewi Astutty MochtarUniversitas Merdeka Malang1
Imro’atul Husna AfrianiAfiliasi tidak diketahui1

Afiliasi berasal dari OpenAlex; metadata OAI-PMH jurnal tidak memuatnya. Penulis tanpa ID OpenAlex dicocokkan berdasarkan nama, sehingga dua orang bisa tergabung atau satu orang bisa terpisah.

Sumber metadata: OAI-PMH (metadata jurnal) https://online-journal.unja.ac.id/index.php/JES/oai, pertama di-harvest 6 Nov 2026, terakhir terlihat 8 Nov 2026.
Metadata asli (oai_dc) 
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	<dc:title xml:lang="en">Unraveling the impact of public debt on economic dynamics in Southeast Asia: A vector analysis perspective</dc:title>
	<dc:creator xml:lang="en">Viphindrartin, Sebastiana</dc:creator>
	<dc:creator xml:lang="en">Lestari Widarni, Eny </dc:creator>
	<dc:creator xml:lang="en">Niken Wilantari, Regina </dc:creator>
	<dc:creator xml:lang="en">Apriono, Markus </dc:creator>
	<dc:creator xml:lang="en">Bawono, Suryaning </dc:creator>
	<dc:subject xml:lang="en">Economic performance</dc:subject>
	<dc:subject xml:lang="en">Public debt</dc:subject>
	<dc:subject xml:lang="en">Southeast Asian Region</dc:subject>
	<dc:subject xml:lang="en">Vector analysis</dc:subject>
	<dc:description xml:lang="en">This research employs a panel vector model to analyze panel data, examining the relationship between public debt, economic growth, interest rates, consumption, and net exports in Southeast Asia from 1990 to 2020. This quantitative study focuses on vector analysis using secondary data from the World Bank for the specified period. The findings reveal that public or state debt significantly inhibits most economic variables, suggesting a detrimental impact on Southeast Asia. A notable observation is the effect of rising interest rates on net exports, highlighting how increased rates hinder the exports of ASEAN member countries. Contrary to expectations, the analysis indicates that government spending escalates public debt. Furthermore, Southeast Asian consumption appears to bolster exports through international trade agreements. Interestingly, exports are found to increase government spending, implying a contribution to state revenues. A key finding is that economic growth, marked by GDP increases, positively influences all variables in this study, signifying that GDP growth spurs both the monetary and real sectors of the Southeast Asian economy.</dc:description>
	<dc:publisher xml:lang="en">Program Magister Ilmu Ekonomi  Pascasarjana Universitas Jambi</dc:publisher>
	<dc:date>2023-10-31</dc:date>
	<dc:type>info:eu-repo/semantics/article</dc:type>
	<dc:type>info:eu-repo/semantics/publishedVersion</dc:type>
	<dc:type xml:lang="en">Peer-reviewed Article</dc:type>
	<dc:format>application/pdf</dc:format>
	<dc:identifier>https://online-journal.unja.ac.id/JES/article/view/23758</dc:identifier>
	<dc:identifier>10.22437/ppd.v11i4.23758</dc:identifier>
	<dc:source xml:lang="en">Jurnal Perspektif Pembiayaan dan Pembangunan Daerah; Vol. 11 No. 4 (2023): Jurnal Perspektif Pembiayaan dan Pembangunan Daerah; 269 - 282</dc:source>
	<dc:source>2355-8520</dc:source>
	<dc:source>2338-4603</dc:source>
	<dc:language>en</dc:language>
	<dc:relation>https://online-journal.unja.ac.id/JES/article/view/23758/17492</dc:relation>
	<dc:rights xml:lang="en">Copyright (c) 2023 Sebastiana Viphindrartin, Eny  Lestari Widarni, Regina  Niken Wilantari, Markus  Apriono, Suryaning  Bawono</dc:rights>
	<dc:rights xml:lang="en">https://creativecommons.org/licenses/by/4.0</dc:rights>
</oai_dc:dc>