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Choice between Domestic Debt and Foreign Debt: Evidence from Pakistan

Sheikh, Muhammad Ramzan and Farooq, Fatima and Zulifiqar, Salyha (2017) Choice between Domestic Debt and Foreign Debt: Evidence from Pakistan. In: 2nd International Research Conference on Economics Business and Social Sciences, 11-12 July 2017, Park Royal Hotel Penang Malaysia.

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Abstract

The developing countries are facing huge budget deficits. This paper aims to explore the important dimension of deficit financing.It is imperative to investigate whether the government should rely on domestic debt or foreign debt.This study has used the time series data from 1972 to 2016 by applying the ARDL approach.The findings of the study point out that the stock of domestic debt is more beneficial than the foreign debt while foreign debt servicing is harmful for economic growth.

Item Type: Conference or Workshop Item (Paper)
Additional Information: ISSN-2523-1537 Cover and Layout: Sobia Nasir, Center for Sustainability Research and Consultancy Distributed by: School of Economics, Bahauddin Zakariya University Multan Pakistan (www.bzu.edu.pk) Center for Sustainability Research and Consultancy (www.globalcsrc.org) School of Economics Finance and Banking, Universiti Utara Malaysia (www.sefb.uum.edu.my)
Subjects: H Social Sciences > HG Finance
Divisions: Islamic Business School
Depositing User: Mrs. Norazmilah Yaakub
Date Deposited: 03 Oct 2018 00:28
Last Modified: 03 Oct 2018 00:28
URI: https://repo.uum.edu.my/id/eprint/24894

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