Impacts of External Debts on total Investment in Thailand
DOI:
https://doi.org/10.14456/mjba.2019.13Keywords:
External debt, InvestmentAbstract
Purpose of this study. To study the effects of foreign and government debt on investment in Thailand by using the secondary data from 1997 to 2017, estimating the multiple regression equation by estimation. The Ordinary Least Squares (OLS).
The study found that the external debt of the government and external debt of the private sector were significantly correlated with the investment. The variables that are not related to foreign debt are: Domestic products are related in the same direction. But interest rates inflation the relationship in the opposite direction to the investment is statistically significant.
The suggestion from this study is that the government and the private sector should have an appropriate level of external debt and that policies related to foreign debt should be aligned with the country's investment. It is important to stimulate the economy to achieve its goals.
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