The Impact of Total Foreign Debt on the Economic Growth of Egypt (1980-2018)

Alaa, Safwat; Salah, Ashraf; Sherif, Marwa El

doi:10.4236/jss.2021.910010

Cited by 3 publications

(4 citation statements)

References 50 publications

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“…This result is also supported by several previous studies conducted by Kharusi & Ada (2018) in Oman, Awan & Qasim (2020) in Pakistan, Safwat, Salah & Sherif (2021) in Egypt, and Sari (2022) in Indonesia which found that foreign debt harms economic growth. Furthermore, Safwat, Salah & Sherif (2021) stated that the negative relationship between external debt and economic growth is because a large amount of money must be given as debt repayment and the amount of debt slows down the process of economic growth and increases the country's dependence on foreign resources.…”

Section: Relationship Between Foreign Debt and Economic Growthsupporting

confidence: 86%

“…However, Kikuchi & TBe (2021), Suidarma &Yasa (2021), andDarmawati, Suparta &Saimul (2021) argue that there is a positive influence of external public debt on Indonesia's economic growth. Meanwhile, Safwat, Salah & Sherif (2021), Kurniasih (2021), Awan & Qasim (2020), Annisa, Nairobi & Taher (2022), and Sari (2022 stated that there is a negative relationship between external public debt and economic growth.…”

Section: Introductionmentioning

confidence: 99%

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The Effect of External Public Debt and State Sukuk (SBSN) On Indonesia's Economic Growth: An Autoregressive Distributed Lag Approach

Listiyani,

Sriyana,

Ratnawati

2023

DIJEFA

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Indonesia's external public debt continues to grow with a ratio of 30.1% of GDP. In the first quarter of 2023, Indonesia's external public debt reached 199.4 billion US dollars or equivalent to 3000 trillion rupiahs. This condition makes Indonesia a debtor country that depend on international creditor countries or institutions. In addition, state sukuk as an alternative to state financing with sharia guidelines also continues to grow, but its performance cannot be equal to external public debt as one of the pillars of Indonesia's economic growth. Therefore, this study is present to analyse the effect of government external public debt paired with state sukuk as an Islamic fiscal variable on Indonesia's economic growth. Moreover, this study also analyses the factors that influence the growth of Indonesia's external public debt. The sample used to analyse the effect of government external public debt and state sukuk on Indonesia's economic growth was taken from the first quarter of 2010 to the first quarter of 2023. This study uses Autoregressive Distributed Lag (ARDL) to find empirical finding of the model. The results of this study indicate that the external public debt variable in the long term has a significant negative effect on economic growth while the state sukuk variable in the long term has no effect on economic growth.

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Section: Relationship Between Foreign Debt and Economic Growthsupporting

confidence: 86%

Section: Introductionmentioning

confidence: 99%

The Effect of External Public Debt and State Sukuk (SBSN) On Indonesia's Economic Growth: An Autoregressive Distributed Lag Approach

Listiyani,

Sriyana,

Ratnawati

2023

DIJEFA

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“…This indicates that greater openness to international trade leads to an increase in the growth rate. The positive impact of an increase of trade openness on economic growth has been demonstrated in many empirical studies (Safwat, Salah, El Sherif, 2021). (Joshua, Adedoyin, Sarkodie, 2020 ) reached the same conclusion for South Africa confirming the trade-induced growth hypothesis.…”

Section: Results Of the Researchmentioning

confidence: 52%

Untitled

2022

SPSUTOM

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The paper investigates challenges associated with institutional leadership engagement of main staff to fill inner vacancies. Design/methodology/approach: The study rates merit, experience, rank, competencies, long service, in-depth knowledge, and deeper consultation as key requirements for appointment in some selected academic institutions. The survey collects data through questionnaires and semistructured interviews. The SPSS and descriptive statistics were used for the analysis of data presented in percentages, tables, and graphs. Findings: The results show that over 80% of respondents said that the prerogative of leaders in second-cycle institutions to share leadership needs a reassessment. As it undermines specific parameters and subsequently creates emotions among staff and unsatisfactory students' behaviours at school. The study found social and external factors as the basis for some nominations that weaken institutional unity and performance. Recommendation/limitations: The legislative instrument should be amended to suit the current management environment. Besides, ethical leadership and emotional intelligence should be encouraged at schools for effective management and harmony. Practical implications: Organizational failures across economies to a large extent are results of stimulus variables. Originality/value: The paper demonstrates how institutional leaders are often torn between stimulus and prospective variables resulting in self-interest to the detriment of institutional vision.

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“…They revealed a long-run equilibrium relationship between FDI and other control variables and established that, in the short run, the effect of GDP and GNI volatility on FDI is negligible. Conversely, Safwat et al [24] utilized Johansen cointegration and vector error correction methods with observations from 1980 to 2018 to examine the effect of FDI on economic growth. Their results indicate a long-term linkage between FDI inflows and growth, concluding that FDI has a positive impact.…”

Section: Empirical Reviewmentioning

confidence: 99%

The Dynamic Effect of Trade Openness, Debt, and Foreign Investment in Ghana’s Economy: An ARDL Bound Testing Approach

Yeboah,

Lamin

2024

IJEMS

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The impact of macroeconomic factors offers insight into the performance of an economy. This study investigates the dynamic short- and long-term effect of trade openness, external debt, and foreign direct investment (FDI) within Ghana's economy. Utilizing Autoregressive Distributed Lag (ARDL) bound testing and Granger causality analysis, the study examines data spanning from 1991 to 2022. The results of the ARDL cointegration test reveal a long-term relationship among the variables. However, in the short term, the findings present a mixed effect of FDI and trade openness, with both positive and negative impacts. In the long run, FDI and external debt exhibit a positive influence, whereas trade openness appears to impede economic growth. Furthermore, the Granger causality test identifies a unidirectional causality relationship between the variables and economic growth. The study suggests that the government implement investment-oriented and trade policies to stimulate economic growth.

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The Impact of Total Foreign Debt on the Economic Growth of Egypt (1980-2018)

Cited by 3 publications

References 50 publications

The Effect of External Public Debt and State Sukuk (SBSN) On Indonesia's Economic Growth: An Autoregressive Distributed Lag Approach

The Effect of External Public Debt and State Sukuk (SBSN) On Indonesia's Economic Growth: An Autoregressive Distributed Lag Approach

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The Dynamic Effect of Trade Openness, Debt, and Foreign Investment in Ghana’s Economy: An ARDL Bound Testing Approach

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