Nairobi, Nairobi and Darmawan, Arif (2022) Determinants of Public Debt Ratio in Middle-Income Countries. Optimum: Jurnal Ekonomi dan Pembangunan, 12 (2). pp. 168-182.
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Abstract
The existence of the Covid-19 pandemic, which hampers mobility and productivity, creates a slowdown in the movement of the wheels of the economy, thus indirectly requiring several countries to increase their sources of revenue through public debt to meet the needs of the people and maintain economic stability in each country. the problems faced by middle-income countries are related to the participation of government and other public institutions both in the formulation of public policies, the management of public resources, to the realization of human rights that should be free from abuse of the position of relevant policymakers. As a result, not a few countries experience an uncertainty about the actual situation from public accounts, which has encouraged the creation of doubts and conflicts among the public about the role of governments in dealing with the global economic crisis, which among others, is illustrated through several economic problems that occur in middle-income countries. The purpose of this study is to answer the question of whether, in middle-income countries, the factors of the previous year's debt-to-GDP ratio, fiscal transparency, and corruption, simultaneously and partially influence the debt-to-GDP balance in 74 middle-income countries in 2021. The method used is OLS regression analysis of crosssection data. This study found that the previous year's debt accumulation and corruption significantly affected the debt ratio to GDP. Meanwhile, fiscal transparency hurt the insignificant debt-to-GDP ratio.
| Item Type: | Article |
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| Subjects: | H Social Sciences > HB Economic Theory H Social Sciences > HC Economic History and Conditions |
| Divisions: | Fakultas Ekonomi dan Bisnis (FEB) > Prodi Ekonomi Pembangunan |
| Depositing User: | Arif Darmawan |
| Date Deposited: | 06 Oct 2022 05:22 |
| Last Modified: | 06 Oct 2022 05:22 |
| URI: | http://repository.lppm.unila.ac.id/id/eprint/45554 |
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