| 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 |
|