The Relationship Between External Debt and Economic Growth

Authors

  • Fayzullokh Sattoriy Senior lecturer of the Department of “Finance”, Kimyo Internation University in Tashkent

DOI:

https://doi.org/10.51699/ijbde.v2i1.931

Keywords:

economic growth, public external debt, neoclassical growth model, GDP

Abstract

The main objective of this study is to determine the effect of external debt on economic growth. This article analyzed the empirical literature on the relationship between economic growth and public external debt and the impact of public external debt on economic growth. Thus, through the analysis of the literature on the impact of external debt on economic growth, it was found that the impact of external debt on economic growth can have positive, negative and non-linear relationships. There are three groups of theoretical models describing this interaction.

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Published

2023-01-19

How to Cite

Sattoriy, F. . (2023). The Relationship Between External Debt and Economic Growth. International Journal of Business Diplomacy and Economy, 2(1), 86–91. https://doi.org/10.51699/ijbde.v2i1.931

Issue

Vol. 2 No. 1 (2023): IJBDE

Section

Articles