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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/19848Full metadata record
| DC Field | Value | Language |
|---|---|---|
| dc.creator | Presbitero, Andrea F. | - |
| dc.date | 2006 | - |
| dc.date.accessioned | 2013-10-16T07:07:03Z | - |
| dc.date.available | 2013-10-16T07:07:03Z | - |
| dc.date.issued | 2013-10-16 | - |
| dc.identifier | http://hdl.handle.net/10419/19848 | - |
| dc.identifier | ppn:517921529 | - |
| dc.identifier | RePEc:zbw:gdec06:4745 | - |
| dc.identifier.uri | http://koha.mediu.edu.my:8181/xmlui/handle/10419/19848 | - |
| 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 is 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. This work underlines the critical role of economic policies and institutions, the necessity of focusing on LICs and fostering macroeconomic stability. | - |
| dc.language | eng | - |
| dc.publisher | - | |
| dc.relation | Proceedings of the German Development Economics Conference, Berlin 2006 / Verein für Socialpolitik, Research Committee Development Economics 22 | - |
| dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | - |
| dc.subject | O11 | - |
| dc.subject | C33 | - |
| dc.subject | F34 | - |
| 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:conferenceObject | - |
| Appears in Collections: | EconStor | |
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