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Unveiling external debt dynamics: Interdependencies of macroeconomic variables in ASEAN-7

Jurnal Perspektif Pembiayaan dan Pembangunan Daerah · Vol. 12 No. 1 (2024) · hlm. 1–16

DOI
10.22437/ppd.v12i1.31408
ISSN
2355-8520, 2338-4603
Terbit
2024-04-25
Penerbit
Program Magister Ilmu Ekonomi Pascasarjana Universitas Jambi
Bahasa
en
Lisensi
creativecommons.org/licenses/by/4.0

Abstrak

This study explores the interplay between external debt, infrastructure investment, epidemic response funding, net exports, and the consumer price index (CPI) in seven ASEAN countries—Indonesia, Myanmar, Thailand, Cambodia, Laos, the Philippines, and Vietnam—during the period from 2000 to 2020. Data were derived from the World Bank, OECD, and IMF. This research uses the autoregressive distributed lag model (ARDL) panel data approach to estimate the short-term and long-term relationships among the variables. Short-term results reveal that infrastructure investment, epidemic response funding, net exports, and the CPI do not significantly impact external debt. However, in the long-term analysis, epidemic response funding, net exports, and the CPI positively affect external debt. These findings have significant implications for policymakers in developing countries, especially within the ASEAN region.

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19 penulis · 48 tautan kepenulisan bersama

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  • Sriwijaya University
  • Organisasi berbeda
  • Organisasi sama
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Rekan penulisOrganisasiArtikel bersama
Nazeli AdnanSriwijaya University3
Adin SalsabilaSriwijaya University2
Sukanto SukantoSriwijaya University1
Heryadi HeryadiSriwijaya University1
Luk Luk FuadahSriwijaya University1
Ahmad SyathiriSriwijaya University1
Dirta Pratama AtiyatnaSriwijaya University1
Khairunnas KhairunnasSriwijaya University1
Feny MarissaSriwijaya University1
Dwi Darma Puspita SariSriwijaya University1
Abdul BashirSriwijaya University1
S SuhelSriwijaya University1
Azwardi AzwardiSriwijaya University1
Ichsan HamidiSriwijaya University1

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">Unveiling external debt dynamics: Interdependencies of macroeconomic variables in ASEAN-7</dc:title>
	<dc:creator xml:lang="en">Sukanto, Sukanto</dc:creator>
	<dc:creator xml:lang="en">Azwardi, Azwardi</dc:creator>
	<dc:creator xml:lang="en">Mukhlis, Mukhlis</dc:creator>
	<dc:creator xml:lang="en">Atiyatna, Dirta Pratama</dc:creator>
	<dc:creator xml:lang="en">Hamira, Hamira</dc:creator>
	<dc:subject xml:lang="en">Consumer Price Index</dc:subject>
	<dc:subject xml:lang="en">Epidemic budget</dc:subject>
	<dc:subject xml:lang="en">External debt</dc:subject>
	<dc:subject xml:lang="en">Infrastructure budget</dc:subject>
	<dc:subject xml:lang="en">Net exports</dc:subject>
	<dc:description xml:lang="en">This study explores the interplay between external debt, infrastructure investment, epidemic response funding, net exports, and the consumer price index (CPI) in seven ASEAN countries—Indonesia, Myanmar, Thailand, Cambodia, Laos, the Philippines, and Vietnam—during the period from 2000 to 2020. Data were derived from the World Bank, OECD, and IMF. This research uses the autoregressive distributed lag model (ARDL) panel data approach to estimate the short-term and long-term relationships among the variables. Short-term results reveal that infrastructure investment, epidemic response funding, net exports, and the CPI do not significantly impact external debt. However, in the long-term analysis, epidemic response funding, net exports, and the CPI positively affect external debt. These findings have significant implications for policymakers in developing countries, especially within the ASEAN region.</dc:description>
	<dc:publisher xml:lang="en">Program Magister Ilmu Ekonomi  Pascasarjana Universitas Jambi</dc:publisher>
	<dc:date>2024-04-25</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/31408</dc:identifier>
	<dc:identifier>10.22437/ppd.v12i1.31408</dc:identifier>
	<dc:source xml:lang="en">Jurnal Perspektif Pembiayaan dan Pembangunan Daerah; Vol. 12 No. 1 (2024): Jurnal Perspektif Pembiayaan dan Pembangunan Daerah; 1 - 16</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/31408/17807</dc:relation>
	<dc:rights xml:lang="en">Copyright (c) 2024 Sukanto Sukanto, Azwardi Azwardi, Mukhlis Mukhlis, Dirta Pratama Atiyatna, Hamira Hamira</dc:rights>
	<dc:rights xml:lang="en">https://creativecommons.org/licenses/by/4.0</dc:rights>
</oai_dc:dc>