Macroeconomic Imbalance, External Debt, and the Financial System in Laos

IF 4.5 3区经济学 Q1 ECONOMICS

Asian Economic Policy Review Pub Date : 2024-03-11 DOI:10.1111/aepr.12469

Fumiharu Mieno, Kazue Demachi

引用次数: 0

Abstract

External public debt exacerbation and macroeconomic destabilization in Laos are attributed to the subsequent complications of excessive foreign capital investments in the mining, power, and transport infrastructure sectors during the economic boom of the 2010s. This study examines the Lao economy from three perspectives: real sector growth, the characteristics of external fundraising, and the domestic financial system. Our findings suggest that the external debt issue still appears to be under control, real sector growth is expected to be strong in the medium term, and the less-developed financial system has not realized its potential for fiscal financing and macroeconomic stability.

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老挝的宏观经济失衡、外债和金融体系

老挝的外部公共债务恶化和宏观经济不稳定是由于 2010 年代经济繁荣时期外国资本过度投资于矿业、电力和交通基础设施部门所造成的后续并发症。本研究从三个方面对老挝经济进行了研究：实体部门的增长、外部筹资的特点以及国内金融体系。我们的研究结果表明，外债问题似乎仍在控制之中，实体部门的增长在中期内有望保持强劲，而欠发达的金融体系尚未发挥其在财政融资和宏观经济稳定方面的潜力。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Asian Economic Policy Review ECONOMICS-

CiteScore

12.90

自引率

2.60%

发文量

期刊介绍： The goal of the Asian Economic Policy Review is to become an intellectual voice on the current issues of international economics and economic policy, based on comprehensive and in-depth analyses, with a primary focus on Asia. Emphasis is placed on identifying key issues at the time - spanning international trade, international finance, the environment, energy, the integration of regional economies and other issues - in order to furnish ideas and proposals to contribute positively to the policy debate in the region.