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Uji Kausalitas : Utang Luar Negeri dan Capital Flight di Indonesia, 1974-2002

Economic Journal of Emerging Markets

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Title Uji Kausalitas : Utang Luar Negeri dan Capital Flight di Indonesia, 1974-2002
 
Creator Yuniarti, Dini
 
Description 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
 
Publisher Universitas Islam Indonesia
 
Contributor —
 
Date 2009-07-24
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
—
 
Format application/pdf
 
Identifier https://journal.uii.ac.id/JEP/article/view/614
10.20885/ejem.v10i3.614
 
Source Economic Journal of Emerging Markets; Vol 10, No 3 (2005)
2502-180X
2086-3128
 
Language eng
 
Relation https://journal.uii.ac.id/JEP/article/view/614/540