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Utang Luar Negeri Dan Kesinambungannya

Utang Luar Negeri Dan Kesinambungannya
Nury Effendi
Universitas Padjadjaran, Disampaikan pada Kongres ISEI, Menado, Juni 2006
Indonesia
Universitas Padjadjaran, Disampaikan pada Kongres ISEI, Menado, Juni 2006

The main reason why developing countries accumulate external debt is because they experience saving-investment gap. The condition of Indonesia’s external debt is not getting better and thus it creates a potential problem of debt sustain ability. Most empirical studies show that there is no debt enhancing economic growth. On the contrary, many debtor countries experience debt overhang problems.

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