أعرض تسجيلة المادة بشكل مبسط

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


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أعرض تسجيلة المادة بشكل مبسط