Lau, Evan; Baharumshah, Ahmad Zubaidi; Soon - In: Journal of Business Economics and Management 14 (2013) sup1, pp. 377-377
<title>Abstract</title>This article investigates the mean-reverting behavior of the external debt ratio based on a clustered of 19 Asian countries from 1981 to 2010. For this purpose, we use a government's intertemporal budget constraint (GIBC) model popularized by Hamilton and Flavin (1986). Our conclusions...