THE NATURE OF GOVERNMENT EXTERNAL DEBT AND ITS IMPACT ON ECONOMIC GROWTH: CASE OF UZBEKISTAN

Authors

Abstract

This research paper investigates the relationship between government external debt and economic growth, focusing on its nature and impact. The findings suggest that the nature of government external debt, encompassing its composition, terms, and sustainability, significantly affects its impact on economic growth. Additionally, the analysis examines debt levels, debt service obligations, and the effectiveness of debt management strategies. The paper concludes by discussing policy implications and proposing measures to ensure sustainable debt management practices that foster long-term economic growth.

Keywords:

external debt internal debt outstanding balance government guarantee digital economy public-private partnership agreements

References

Senadza, Fiagbe, & Quartey. (2018). The Effect of External Debt on Economic Growth in Sub-Saharan Africa. International Journal of Business and Economic Sciences Applied Research, 61–69. doi:https://doi.org/10.25103/ijbesar.111.07

Riffat & Munir. (2018). Exploring the Channels and Impact of Debt on Economic Growth in South Asia. Journal of Policy Modeling(19(2)), 171–191. doi:https://doi.org/10.1177/1391561418794692

Soydan & Bedir. (2015). External Debt and Economic Growth: New Evidence for an Old Debate. Journal of Business, Economics & Finance(4(3)), 500–522.

Siddique, Selvanathan, & Selvanathan. (2016). The impact of external debt on growth: Evidence from highly indebted poor countries. Journal of Policy Modeling, https://doi.org/10.1016/j.jpolmod.2016.03.011.

Krugman P. (1988). Financing vs. forgiving a debt overhang. J. Dev. Econ.(29(3)), 53–268.

Hassan, M., & Meyer, C. (2021). External debt and economic growth in Sub-Saharan Africa: The role of capital flight. Journal of African Development. Journal of African Development,(23(1)), 75-98.

IMV. (2022). openbudget.uz. Получено из Внутренний и внешний долг: https://openbudget.uz/oz/debt/

Downloads

Published

How to Cite

THE NATURE OF GOVERNMENT EXTERNAL DEBT AND ITS IMPACT ON ECONOMIC GROWTH: CASE OF UZBEKISTAN. (2023). Economic Development and Analysis, 1(2), 187-191. https://sci-p.uz/index.php/eitt/article/view/62