Doğan, İbrahim; Bilgili, Faik - In: Economic Modelling 39 (2014) C, pp. 213-220
Today, the major reason for external debt is to finance high public deficits. This study aims to examine the relationship between external indebtedness and growth variables. In this context, Markov-switching model is used because it allows the examination of unobservable variables in an...