Since 2014
Dynamics of external debt and capital flight in India
Scholedge International Journal of Management & Development
View Archive Info| Field | Value | |
| Title |
Dynamics of external debt and capital flight in India
|
|
| Creator |
Saxena, Swami Prasad; Dayalbagh Educational Institute Dayalbagh Agra 282005 Shanker, Ishan; Research Scholar, Department of Applied Business Economics Dayalbagh Educational Institute (Deemed University), Dayalbagh, Agra 282 005 |
|
| Subject |
Economics, External Debt
Debt Crisis, Capital Flight, Revolving Door, Debt Sustainability Economics |
|
| Description |
Countries at early stages of development have small stocks of capital and are likely to have investment opportunities with rates of return higher than those in advanced economies. The external debt for productive investment within reasonable levels enhances economic growth, but beyond certain levels additional indebtedness reduces growth. The mounting burden of debt servicing and debt crisis motivates capital flight, a paradoxical situation in which resources are flowing out of developing countries. This paper investigates the relationship between external debt and capital flight via TSLS (Two Staged Least Square Method). The results indicate positive relationship between external debt and capital Flight in India.
|
|
| Publisher |
Scholedge R&D Center
|
|
| Contributor |
Department of Applied Business Economics, Dayalbagh Educational Institute, Agra (India)
|
|
| Date |
2016-03-11
|
|
| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article TSLS |
|
| Format |
application/pdf
|
|
| Identifier |
http://www.thescholedge.org/index.php/sijmd/article/view/269
10.19085/journal.sijmd030203 |
|
| Source |
Scholedge International Journal of Management & Development ISSN 2394-3378; Vol 3, No 2 (2016); 49-62
2394-3378 |
|
| Language |
eng
|
|
| Relation |
http://www.thescholedge.org/index.php/sijmd/article/view/269/380
|
|
| Coverage |
Macroeconomics
1991-2012 Time series data (1991-2012) |
|
| Rights |
Copyright (c) 2016 Scholedge International Journal of Management & Development ISSN 2394-3378
http://creativecommons.org/licenses/by-nc/4.0 |
|