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The Impact of Globalization on External Debts: Evidence From Developing Countries

The Impact of Globalization on External Debts: Evidence From Developing Countries

Serap Barış
Copyright: © 2023 |Pages: 26
ISBN13: 9781668474600|ISBN10: 1668474603|EISBN13: 9781668474617
DOI: 10.4018/978-1-6684-7460-0.ch075
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MLA

Barış, Serap. "The Impact of Globalization on External Debts: Evidence From Developing Countries." Research Anthology on Macroeconomics and the Achievement of Global Stability, edited by Information Resources Management Association, IGI Global, 2023, pp. 1403-1428. https://doi.org/10.4018/978-1-6684-7460-0.ch075

APA

Barış, S. (2023). The Impact of Globalization on External Debts: Evidence From Developing Countries. In I. Management Association (Ed.), Research Anthology on Macroeconomics and the Achievement of Global Stability (pp. 1403-1428). IGI Global. https://doi.org/10.4018/978-1-6684-7460-0.ch075

Chicago

Barış, Serap. "The Impact of Globalization on External Debts: Evidence From Developing Countries." In Research Anthology on Macroeconomics and the Achievement of Global Stability, edited by Information Resources Management Association, 1403-1428. Hershey, PA: IGI Global, 2023. https://doi.org/10.4018/978-1-6684-7460-0.ch075

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Abstract

In this chapter, the answer to this question has been researched theoretically and empirically. KOF Globalization Index has been used as the measure of globalization unlike the empirical literature that explores the relationship between globalization and external debt. In the study where panel data analysis method has been used, the findings show that there is a positive relationship between KOF Globalization Index and external debt in developing countries. When it is examined from the perspective of the sub-indexes of globalization, it is seen that the economic globalization index is positively related to external debt. Social and political globalization has no effect on external debts. Impact of the control variables used in the analysis on external debts is significant and negative. From this, it can be said that general globalization and economic globalization have increased the external debt of the nations.

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