External debt: evidence from oil exporting countries in Asian/ Siti Nabilah Mat Lias

High burden of external debt could affect the economy performance for developing and emerging countries. External debt could be accumulated from the disability of the county to meet the debt obligation. Thus, this is need to be identified through research of five factor that may affect the external debt which are gross domestic product, foreign direct investment, export rate, price of oil and inflation rate. There are 136 observations from 2000 until 2016 which is involving eight oil exporting countries such as China, India, Indonesia, Malaysia, Vietnam, Thailand, Philippines and South Korea. This research also uses yearly time series data. This research is using the ordinary least square (OLS) method. The findings indicate that all the variables have a significant value except inflation. GDP and export have positive relationship. However, inflation, FDI and price of oil have negative relationship. All data are taken from International Monetary Fund (IMF), Development Indicators of the World Bank, and Asian Development Bank (ADB). For Chapter 1 of the research is explains about the background of the study and to be followed by a critical literature review in Chapter 2. For Chapter 3, the research methodology is highlighted and Chapter 4 discusses the results. The conclusion and recommendation of this study are presented in Chapter 5.