The debt-growth nexus in poor countries: a reassessment

Please use this identifier to cite or link to this item: http://dspace.mediu.edu.my:8181/xmlui/handle/10419/17940

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DC Field	Value	Language
dc.creator	Presbitero, Andrea F.	-
dc.date	2007	-
dc.date.accessioned	2013-10-16T06:57:30Z	-
dc.date.available	2013-10-16T06:57:30Z	-
dc.date.issued	2013-10-16	-
dc.identifier	http://hdl.handle.net/10419/17940	-
dc.identifier	ppn:558076769	-
dc.identifier	RePEc:zbw:ifwedp:5531	-
dc.identifier.uri	http://koha.mediu.edu.my:8181/xmlui/handle/10419/17940	-
dc.description	This paper investigates the relationship between external indebtedness and economic growth, with a particular attention to LICs, for which the theoretical arguments of debt overhang and liquidity constraint have to be reconsidered. The estimation of a growth model, with a panel of 121 developing countries, supports a negative and linear relationship between past values of the NPV of external public debt and current economic growth. This could be due to the ?extended debt overhang?, according to which a large indebtedness leads to misallocation of capital and discourage long-term investment and structural reforms.	-
dc.language	eng	-
dc.publisher	Kiel Institute for the World Economy (IfW) Kiel	-
dc.relation	Economics Discussion Papers / Institut für Weltwirtschaft 2007-17	-
dc.rights	http://creativecommons.org/licenses/by-nc/2.0/de/deed.en	-
dc.subject	O11	-
dc.subject	F34	-
dc.subject	C33	-
dc.subject	H63	-
dc.subject	ddc:330	-
dc.subject	External Debt	-
dc.subject	HIPC	-
dc.subject	Debt Relief	-
dc.subject	Economic Growth	-
dc.title	The debt-growth nexus in poor countries: a reassessment	-
dc.type	doc-type:workingPaper	-
Appears in Collections:	EconStor

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