Abstract
There is a growing concern for ever increasing external debt stock of countries in the worldwide. Coupled with resent global crises, the sustainability and efficient use of external debt becomes more and more important. To this end, we have tested the hypothesis of external debt led growth hypothesis for the case of Turkish economy. Our result has confirmed that Turkey's external debt both sustainable and efficiently used, at least for the last decade or so. The overall result proves also the reality of Turkish proverb “debt is a man's whip”.
Keywords
Turkish
External debt
Debt
Debt-to-GDP ratio
Internal debt
Debt levels and flows
Whip (tree)
Economics
Stock (firearms)
Sustainability
Business
Monetary economics
Finance
Engineering
Geography
Subject Areas
Fiscal Policies and Political Economy
·Economics and Econometrics ·Social Sciences
Monetary Policy and Economic Impact
·General Economics, Econometrics and Finance ·Social Sciences
Fiscal Policy and Economic Growth
·Economics and Econometrics ·Social Sciences
Citations by Year
2019: 1
2022: 2
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Industry, innovation and infrastructure 45%
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