{"id":"https://openalex.org/W4390175925","doi":"https://doi.org/10.37093/ijsi.1284735","title":"An Investigation of the Factors Influencing External Debt in Emerging Market Economies","display_name":"An Investigation of the Factors Influencing External Debt in Emerging Market Economies","publication_year":2023,"publication_date":"2023-12-25","ids":{"openalex":"https://openalex.org/W4390175925","doi":"https://doi.org/10.37093/ijsi.1284735"},"language":"en","primary_location":{"id":"doi:10.37093/ijsi.1284735","doi":"https://doi.org/10.37093/ijsi.1284735","is_oa":true,"landing_page_url":"https://doi.org/10.37093/ijsi.1284735","pdf_url":null,"source":{"id":"https://openalex.org/S4306514063","display_name":"International Journal of Social Inquiry","issn_l":"1307-8364","issn":["1307-8364","1307-9999"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":["tr-dizin"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by-nc","license_id":"https://openalex.org/licenses/cc-by-nc","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Social Inquiry","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"diamond","oa_url":"https://doi.org/10.37093/ijsi.1284735","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5042117197","display_name":"Ali \u0130lhan","orcid":"https://orcid.org/0000-0001-6201-5353","observed_orcids":["https://orcid.org/0000-0001-6201-5353"]},"institutions":[{"id":"https://openalex.org/I125454184","display_name":"Tekirda\u011f Nam\u0131k Kemal University","ror":"https://ror.org/01a0mk874","country_code":"TR","type":"education","lineage":["https://openalex.org/I125454184"]}],"countries":["TR"],"is_corresponding":true,"raw_author_name":"Ali \u0130LHAN","raw_affiliation_strings":["TEK\u0130RDA\u011e NAMIK KEMAL \u00dcN\u0130VERS\u0130TES\u0130, \u0130KT\u0130SAD\u0130 VE \u0130DAR\u0130 B\u0130L\u0130MLER FAK\u00dcLTES\u0130, \u0130KT\u0130SAT B\u00d6L\u00dcM\u00dc"],"raw_orcid":"https://orcid.org/0000-0001-6201-5353","affiliations":[{"raw_affiliation_string":"TEK\u0130RDA\u011e NAMIK KEMAL \u00dcN\u0130VERS\u0130TES\u0130, \u0130KT\u0130SAD\u0130 VE \u0130DAR\u0130 B\u0130L\u0130MLER FAK\u00dcLTES\u0130, \u0130KT\u0130SAT B\u00d6L\u00dcM\u00dc","institution_ids":["https://openalex.org/I125454184"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5042117197"],"corresponding_institution_ids":["https://openalex.org/I125454184"],"apc_list":null,"apc_paid":null,"fwci":0.5239,"has_fulltext":true,"cited_by_count":3,"citation_normalized_percentile":{"value":0.65685077,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":91,"max":95},"biblio":{"volume":"16","issue":"2","first_page":"497","last_page":"509"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.9502000212669373,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.9502000212669373,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.026599999517202377,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11621","display_name":"Fiscal Policies and Political Economy","score":0.013799999840557575,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/external-debt","display_name":"external debt","score":0.9900000095367432},{"id":"https://openalex.org/keywords/emerging-markets","display_name":"emerging markets","score":0.9390000104904175},{"id":"https://openalex.org/keywords/economic-growth","display_name":"economic growth","score":0.7799999713897705},{"id":"https://openalex.org/keywords/inflation","display_name":"inflation","score":0.9810000061988831},{"id":"https://openalex.org/keywords/exchange-rates","display_name":"exchange rates","score":0.9430000185966492},{"id":"https://openalex.org/keywords/trade-openness","display_name":"trade openness","score":1.0},{"id":"https://openalex.org/keywords/domestic-credit","display_name":"domestic credit","score":0.9990000128746033},{"id":"https://openalex.org/keywords/debt-burden","display_name":"debt burden","score":0.6230000257492065},{"id":"https://openalex.org/keywords/macro-financial-stability","display_name":"macro-financial stability","score":0.8999999761581421},{"id":"https://openalex.org/keywords/financial-vulnerability","display_name":"financial vulnerability","score":0.6439999938011169}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.652579665184021},{"id":"https://openalex.org/C44171179","wikidata":"https://www.wikidata.org/wiki/Q461319","display_name":"External debt","level":3,"score":0.6301767230033875},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.6135699152946472},{"id":"https://openalex.org/C145162277","wikidata":"https://www.wikidata.org/wiki/Q1751675","display_name":"Cointegration","level":2,"score":0.5939977765083313},{"id":"https://openalex.org/C84976871","wikidata":"https://www.wikidata.org/wiki/Q2015673","display_name":"Openness to experience","level":2,"score":0.5243894457817078},{"id":"https://openalex.org/C120527767","wikidata":"https://www.wikidata.org/wiki/Q3196867","display_name":"Debt","level":2,"score":0.5118204951286316},{"id":"https://openalex.org/C2776988154","wikidata":"https://www.wikidata.org/wiki/Q66100","display_name":"Exchange rate","level":2,"score":0.49533024430274963},{"id":"https://openalex.org/C200941418","wikidata":"https://www.wikidata.org/wiki/Q273508","display_name":"Inflation (cosmology)","level":2,"score":0.4846663773059845},{"id":"https://openalex.org/C121087249","wikidata":"https://www.wikidata.org/wiki/Q546395","display_name":"Emerging markets","level":2,"score":0.47159087657928467},{"id":"https://openalex.org/C6422946","wikidata":"https://www.wikidata.org/wiki/Q857354","display_name":"Panel data","level":2,"score":0.46788328886032104},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.21591335535049438},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.0},{"id":"https://openalex.org/C33332235","wikidata":"https://www.wikidata.org/wiki/Q18362","display_name":"Theoretical physics","level":1,"score":0.0},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.0},{"id":"https://openalex.org/C15744967","wikidata":"https://www.wikidata.org/wiki/Q9418","display_name":"Psychology","level":0,"score":0.0},{"id":"https://openalex.org/C77805123","wikidata":"https://www.wikidata.org/wiki/Q161272","display_name":"Social psychology","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.37093/ijsi.1284735","doi":"https://doi.org/10.37093/ijsi.1284735","is_oa":true,"landing_page_url":"https://doi.org/10.37093/ijsi.1284735","pdf_url":null,"source":{"id":"https://openalex.org/S4306514063","display_name":"International Journal of Social Inquiry","issn_l":"1307-8364","issn":["1307-8364","1307-9999"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":["tr-dizin"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by-nc","license_id":"https://openalex.org/licenses/cc-by-nc","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Social Inquiry","raw_type":"journal-article"},{"id":"pmh:oai:dergipark.org.tr:article/1284735","doi":null,"is_oa":true,"landing_page_url":"https://dergipark.org.tr/tr/pub/ijsi/issue/82045/1284735","pdf_url":"https://dergipark.org.tr/tr/download/article-file/3090459","source":{"id":"https://openalex.org/S4306401840","display_name":"DergiPark (Istanbul University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I67581229","host_organization_name":"Istanbul University","host_organization_lineage":["https://openalex.org/I67581229"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-nc","license_id":"https://openalex.org/licenses/cc-by-nc","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"International Journal of Social Inquiry","raw_type":"info:eu-repo/semantics/article"}],"best_oa_location":{"id":"doi:10.37093/ijsi.1284735","doi":"https://doi.org/10.37093/ijsi.1284735","is_oa":true,"landing_page_url":"https://doi.org/10.37093/ijsi.1284735","pdf_url":null,"source":{"id":"https://openalex.org/S4306514063","display_name":"International Journal of Social Inquiry","issn_l":"1307-8364","issn":["1307-8364","1307-9999"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":["tr-dizin"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by-nc","license_id":"https://openalex.org/licenses/cc-by-nc","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Social Inquiry","raw_type":"journal-article"},"sustainable_development_goals":[{"score":0.833299994468689,"id":"https://metadata.un.org/sdg/8","display_name":"Decent work and economic growth"}],"study_designs":[],"awards":[],"funders":[{"id":"https://openalex.org/F4320307855","display_name":"World Bank Group","ror":"https://ror.org/00ae7jd04"}],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W4390175925.pdf","grobid_xml":"https://content.openalex.org/works/W4390175925.grobid-xml"},"referenced_works_count":41,"referenced_works":["https://openalex.org/W564647943","https://openalex.org/W1544460801","https://openalex.org/W1582881161","https://openalex.org/W1586915585","https://openalex.org/W1969886729","https://openalex.org/W2012385438","https://openalex.org/W2055441628","https://openalex.org/W2067402622","https://openalex.org/W2100159459","https://openalex.org/W2112778351","https://openalex.org/W2119605304","https://openalex.org/W2123136623","https://openalex.org/W2124884000","https://openalex.org/W2147422150","https://openalex.org/W2161515150","https://openalex.org/W2194405330","https://openalex.org/W2312388970","https://openalex.org/W2436879169","https://openalex.org/W2530204045","https://openalex.org/W2579542746","https://openalex.org/W2626022859","https://openalex.org/W2766450648","https://openalex.org/W2981586010","https://openalex.org/W2996056744","https://openalex.org/W3010532372","https://openalex.org/W3015934785","https://openalex.org/W3046845146","https://openalex.org/W3083603639","https://openalex.org/W3120975452","https://openalex.org/W3123095200","https://openalex.org/W3124091918","https://openalex.org/W3124550551","https://openalex.org/W3131518271","https://openalex.org/W3197901546","https://openalex.org/W3199505801","https://openalex.org/W4225015026","https://openalex.org/W4234870394","https://openalex.org/W4236005597","https://openalex.org/W4245423697","https://openalex.org/W4282969959","https://openalex.org/W4287855090"],"related_works":["https://openalex.org/W2972512644","https://openalex.org/W4414978927","https://openalex.org/W4404209218","https://openalex.org/W4390055197","https://openalex.org/W4225015026","https://openalex.org/W4253384991","https://openalex.org/W4386128883","https://openalex.org/W2922887124","https://openalex.org/W4401971267","https://openalex.org/W2951203025"],"abstract_inverted_index":{"External":[0],"financing":[1,53],"support":[2],"plays":[3],"a":[4,55,58,121],"vital":[5],"role":[6],"in":[7,71,141,151,180],"the":[8,17,25,36,44,66,80,126,152,155,158,165,168,174,181,190],"economic":[9,83,134],"development":[10],"of":[11,20,68,82,157,167],"emerging":[12],"market":[13],"economies":[14],"(EMEs).":[15],"However,":[16],"ineffective":[18],"using":[19],"external":[21,52,69,94,137],"resources":[22],"can":[23],"increase":[24],"debt":[26,41,70,95,150],"burden":[27],"and":[28,32,90,105,145],"exacerbate":[29],"macroeconomic":[30],"instability":[31],"financial":[33,38],"vulnerabilities.":[34],"After":[35],"global":[37],"crisis,":[39],"growing":[40],"accumulation":[42],"with":[43,102,189],"debt-favored":[45],"environment":[46],"has":[47],"raised":[48],"discussions":[49],"about":[50],"whether":[51],"is":[54,160,171,177],"blessing":[56],"or":[57],"curse":[59],"for":[60,112,173],"macro-financial":[61],"stability.":[62],"This":[63],"paper":[64],"explores":[65],"drivers":[67],"EMEs":[72],"from":[73],"2005Q1":[74],"to":[75,96],"2020Q1.":[76],"To":[77],"this":[78],"end,":[79],"effects":[81],"growth,":[84],"inflation,":[85,144],"exchange":[86,169],"rate,":[87],"trade":[88,142],"openness,":[89,143],"domestic":[91,98,146],"credit":[92,147,159],"on":[93],"gross":[97],"product":[99],"are":[100,186],"analyzed":[101],"panel":[103,106,116,129,191],"cointegration":[104,117],"augmented":[107],"mean":[108],"group":[109],"(AMG)":[110],"estimator":[111],"eight":[113],"EMEs.":[114],"The":[115,128],"findings":[118,131],"show":[119],"that":[120,133],"long-run":[122],"relationship":[123],"exists":[124],"between":[125],"series.":[127],"AMG":[130],"indicate":[132],"growth":[135],"declines":[136],"debt.":[138],"A":[139],"rise":[140],"accumulate":[148],"foreign":[149],"long-run,":[153],"whereas":[154],"impact":[156,166],"barely":[161],"statistically":[162,178],"significant.":[163],"Although":[164],"rate":[170],"insignificant":[172],"panel,":[175],"it":[176],"significant":[179],"four":[182],"countries.":[183,198],"Country-specific":[184],"results":[185],"largely":[187],"consistent":[188],"findings,":[192],"but":[193],"some":[194],"differences":[195],"exist":[196],"across":[197]},"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2024,"cited_by_count":2}],"updated_date":"2026-11-10T11:39:43.021295","created_date":"2023-12-25T00:00:00"}