Determinants of household debt in emerging economies: A macro panel analysis

A rapid increase in household debt is undeniably a main concern among policymakers. Studies indicating the damaging effect of rapid rise in household debt towards economic growth attracted many researchers to determine its reasons. The risk from high household debt is not only applicable to advanced...

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Autores principales:	Khairunnisa Abd Samad, Siti Nurazira Mohd Daud, Nuradli Ridzwan Shah Mohd Dali
Formato:	article
Lenguaje:	EN
Publicado:	Taylor & Francis Group 2020
Materias:	household debt emerging economies panel data lsdvc Business HF5001-6182 Management. Industrial management HD28-70
Acceso en línea:	https://doaj.org/article/f8b90f0731a548da905c906f573de45f
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spelling	oai:doaj.org-article:f8b90f0731a548da905c906f573de45f2021-12-02T14:41:55ZDeterminants of household debt in emerging economies: A macro panel analysis2331-197510.1080/23311975.2020.1831765https://doaj.org/article/f8b90f0731a548da905c906f573de45f2020-01-01T00:00:00Zhttp://dx.doi.org/10.1080/23311975.2020.1831765https://doaj.org/toc/2331-1975A rapid increase in household debt is undeniably a main concern among policymakers. Studies indicating the damaging effect of rapid rise in household debt towards economic growth attracted many researchers to determine its reasons. The risk from high household debt is not only applicable to advanced economies, but also inherent in emerging economies. Thus, the present study examines the leading causes of household debt in emerging economies. The study employs a bias-corrected least square dummy variable for the period of 1995–2018. The results show positive and significant effects of financial development, house prices, and lending interest rate. Meanwhile, unemployment rate and inflation are negatively associated with household debt. The study therefore urges policymakers, relevant authority and financial institutions to employ suitable and effective policy to mitigate the factors identified in the rise of household debt.Khairunnisa Abd SamadSiti Nurazira Mohd DaudNuradli Ridzwan Shah Mohd DaliTaylor & Francis Grouparticlehousehold debtemerging economiespanel datalsdvcBusinessHF5001-6182Management. Industrial managementHD28-70ENCogent Business & Management, Vol 7, Iss 1 (2020)
institution	DOAJ
collection	DOAJ
language	EN
topic	household debt emerging economies panel data lsdvc Business HF5001-6182 Management. Industrial management HD28-70
spellingShingle	household debt emerging economies panel data lsdvc Business HF5001-6182 Management. Industrial management HD28-70 Khairunnisa Abd Samad Siti Nurazira Mohd Daud Nuradli Ridzwan Shah Mohd Dali Determinants of household debt in emerging economies: A macro panel analysis
description	A rapid increase in household debt is undeniably a main concern among policymakers. Studies indicating the damaging effect of rapid rise in household debt towards economic growth attracted many researchers to determine its reasons. The risk from high household debt is not only applicable to advanced economies, but also inherent in emerging economies. Thus, the present study examines the leading causes of household debt in emerging economies. The study employs a bias-corrected least square dummy variable for the period of 1995–2018. The results show positive and significant effects of financial development, house prices, and lending interest rate. Meanwhile, unemployment rate and inflation are negatively associated with household debt. The study therefore urges policymakers, relevant authority and financial institutions to employ suitable and effective policy to mitigate the factors identified in the rise of household debt.
format	article
author	Khairunnisa Abd Samad Siti Nurazira Mohd Daud Nuradli Ridzwan Shah Mohd Dali
author_facet	Khairunnisa Abd Samad Siti Nurazira Mohd Daud Nuradli Ridzwan Shah Mohd Dali
author_sort	Khairunnisa Abd Samad
title	Determinants of household debt in emerging economies: A macro panel analysis
title_short	Determinants of household debt in emerging economies: A macro panel analysis
title_full	Determinants of household debt in emerging economies: A macro panel analysis
title_fullStr	Determinants of household debt in emerging economies: A macro panel analysis
title_full_unstemmed	Determinants of household debt in emerging economies: A macro panel analysis
title_sort	determinants of household debt in emerging economies: a macro panel analysis
publisher	Taylor & Francis Group
publishDate	2020
url	https://doaj.org/article/f8b90f0731a548da905c906f573de45f
work_keys_str_mv	AT khairunnisaabdsamad determinantsofhouseholddebtinemergingeconomiesamacropanelanalysis AT sitinuraziramohddaud determinantsofhouseholddebtinemergingeconomiesamacropanelanalysis AT nuradliridzwanshahmohddali determinantsofhouseholddebtinemergingeconomiesamacropanelanalysis
_version_	1718389847354245120

Determinants of household debt in emerging economies: A macro panel analysis

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