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Macroeconomic Indicators and their Impact on the Foreign Debt Burden: The Case of BRICS Countries

Author

Listed:
  • R.G. Akhmadeev
  • O.A. Bykanova
  • N.V. Philippova
  • I.V. Vashchekina
  • T.B. Turishcheva

Abstract

The main aim of this article is to analyse the macro indicators affecting the foreign debt burden of BRICS. It has been proven that it is required to design development scenarios in mid-term planning via forming a numerical estimate plane, taking into account expectations of economic variables’ behavior and other factors, which would stabilize the debt burden and other indicators at sensible levels. Using the elimination approach towards the impact of all factors on the amount on the end result except one, the article formulates and proves the hypothesis that market indicators in relation to GDP influence the size of the country’s debt.

Suggested Citation

  • R.G. Akhmadeev & O.A. Bykanova & N.V. Philippova & I.V. Vashchekina & T.B. Turishcheva, 2018. "Macroeconomic Indicators and their Impact on the Foreign Debt Burden: The Case of BRICS Countries," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(2), pages 68-82.
    • Handle: RePEc:ers:ijebaa:v:vi:y:2018:i:2:p:68-82
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    Cited by:

    1. Scott Régifère MOUANDAT, 2022. "Is Foreign Debt Management in Gabon Efficient?," Management Dynamics in the Knowledge Economy, College of Management, National University of Political Studies and Public Administration, vol. 10(1), pages 82-94, March.
    2. V.A. Kozlov & O.A. Moiseeva & V.G. Ponomarev & L.E. Popok & O.A. Filippova & F.F. Sterlikov, 2018. "Economic Concept of Food Development of Russian Market," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 3), pages 62-72.
    3. Halil Kukaj & Fisnik Morina & Valdrin Misiri, 2020. "Profitability Analysis of Banks: Comparative Study of Domestic and Foreign Banks in Kosovo," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(2), pages 87-99.

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    More about this item

    Keywords

    Budget policy; state debt; tax burden on the economy; financial system of the state; macroeconomics; BRICS countries.;
    All these keywords.

    JEL classification:

    • B40 - Schools of Economic Thought and Methodology - - Economic Methodology - - - General
    • C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods
    • E17 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Forecasting and Simulation: Models and Applications
    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems

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