External Debt, Exchange Rate, and Unemployment in Selected ASEAN Countries

<p>This research examines the empirical model of external debt, exchange rate, and unemployment in selected ASEAN Countries during 1980-2017. The countries included Indonesia, Malaysia, Thailand and the Philippines. The data were collected from the World Bank publications. The ARDL-ECM and Gra...

Descripción completa

Guardado en:

Detalles Bibliográficos
Autores principales:	Malik Cahyadin, Lely Ratwianingsih
Formato:	article
Lenguaje:	EN
Publicado:	Universitas Muhammadiyah Yogyakarta 2020
Materias:	external debt exchange rate unemployment macroeconomic policy Economic theory. Demography HB1-3840
Acceso en línea:	https://doaj.org/article/9233f7aa29224b8aa33c1cd8b95e9900
Etiquetas:	Agregar Etiqueta Sin Etiquetas, Sea el primero en etiquetar este registro!

id	oai:doaj.org-article:9233f7aa29224b8aa33c1cd8b95e9900
record_format	dspace
spelling	oai:doaj.org-article:9233f7aa29224b8aa33c1cd8b95e99002021-12-02T12:15:28ZExternal Debt, Exchange Rate, and Unemployment in Selected ASEAN Countries1411-99002541-5506https://doaj.org/article/9233f7aa29224b8aa33c1cd8b95e99002020-04-01T00:00:00Zhttps://journal.umy.ac.id/index.php/esp/article/view/8055https://doaj.org/toc/1411-9900https://doaj.org/toc/2541-5506<p>This research examines the empirical model of external debt, exchange rate, and unemployment in selected ASEAN Countries during 1980-2017. The countries included Indonesia, Malaysia, Thailand and the Philippines. The data were collected from the World Bank publications. The ARDL-ECM and Granger Causality Test (GCT) were employed to address the research objectives. The findings indicated that there were short-term effects on each empirical model (external debt, exchange rate, and unemployment). Furthermore, the stability test exhibited that the models were precise and stable. The GCT result showed that there was a causal between external debt, exchange rate, and unemployment, especially in Indonesia. Moreover, the linkages between external debt, exchange rate, and unemployment in selected ASEAN Countries were co-movement. Therefore, the governments are expected to emphasis on macroeconomic policies, such as pro-stability of the exchange rate, external debt risk management, and pro-poor.</p>Malik CahyadinLely RatwianingsihUniversitas Muhammadiyah Yogyakartaarticleexternal debtexchange rateunemploymentmacroeconomic policyEconomic theory. DemographyHB1-3840ENJurnal Ekonomi & Studi Pembangunan, Vol 21, Iss 1, Pp 16-36 (2020)
institution	DOAJ
collection	DOAJ
language	EN
topic	external debt exchange rate unemployment macroeconomic policy Economic theory. Demography HB1-3840
spellingShingle	external debt exchange rate unemployment macroeconomic policy Economic theory. Demography HB1-3840 Malik Cahyadin Lely Ratwianingsih External Debt, Exchange Rate, and Unemployment in Selected ASEAN Countries
description	<p>This research examines the empirical model of external debt, exchange rate, and unemployment in selected ASEAN Countries during 1980-2017. The countries included Indonesia, Malaysia, Thailand and the Philippines. The data were collected from the World Bank publications. The ARDL-ECM and Granger Causality Test (GCT) were employed to address the research objectives. The findings indicated that there were short-term effects on each empirical model (external debt, exchange rate, and unemployment). Furthermore, the stability test exhibited that the models were precise and stable. The GCT result showed that there was a causal between external debt, exchange rate, and unemployment, especially in Indonesia. Moreover, the linkages between external debt, exchange rate, and unemployment in selected ASEAN Countries were co-movement. Therefore, the governments are expected to emphasis on macroeconomic policies, such as pro-stability of the exchange rate, external debt risk management, and pro-poor.</p>
format	article
author	Malik Cahyadin Lely Ratwianingsih
author_facet	Malik Cahyadin Lely Ratwianingsih
author_sort	Malik Cahyadin
title	External Debt, Exchange Rate, and Unemployment in Selected ASEAN Countries
title_short	External Debt, Exchange Rate, and Unemployment in Selected ASEAN Countries
title_full	External Debt, Exchange Rate, and Unemployment in Selected ASEAN Countries
title_fullStr	External Debt, Exchange Rate, and Unemployment in Selected ASEAN Countries
title_full_unstemmed	External Debt, Exchange Rate, and Unemployment in Selected ASEAN Countries
title_sort	external debt, exchange rate, and unemployment in selected asean countries
publisher	Universitas Muhammadiyah Yogyakarta
publishDate	2020
url	https://doaj.org/article/9233f7aa29224b8aa33c1cd8b95e9900
work_keys_str_mv	AT malikcahyadin externaldebtexchangerateandunemploymentinselectedaseancountries AT lelyratwianingsih externaldebtexchangerateandunemploymentinselectedaseancountries
_version_	1718394587221852160

External Debt, Exchange Rate, and Unemployment in Selected ASEAN Countries

Ejemplares similares