Uji Kausalitas : Utang Luar Negeri dan Capital Flight di Indonesia, 1974-2002
Uji Kausalitas : Utang Luar Negeri dan Capital Flight di Indonesia, 1974-2002
- Neue Suche nach: Dini Yuniarti
- Neue Suche nach: Dini Yuniarti
Some economists have argued that there is no relationship between external debt and capital flight, while others have detected such a relation. Boyce and Ndikumana (2002) distinguish four possible causal links such as, debt-driven capital flight, debt fueled capital flight, flight-driven capital flight, and flight fueled external borrowing. The study examines a causal relationship between external debt and capital flight of Indonesia for the period 1974-2002. We use error correction model to examine a causal rela¬tionship. We find external debt related to capital flight on Indonesia as a feedback/bilateral causality. This empirical evidence supports the debt fueled capital flight and flight fueled external borrowing hypothesis. Keywords: causal relationship, external debt, capital flight
Dokumentinformationen
Uji Kausalitas : Utang Luar Negeri dan Capital Flight di Indonesia, 1974-2002
2009
Aufsatz (Zeitschrift)
Elektronische Ressource
Unbekannt
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