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Economics: The Open-Access, Open-Assessment E-Journal - Discussion Papers >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/17940
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Presbitero, Andrea F. | | en_US |
| dc.date.accessioned | | 2009-01-28T15:05:05Z | | - |
| dc.date.available | | 2009-01-28T15:05:05Z | | - |
| dc.date.issued | | 2007 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/17940 | | - |
| dc.description.abstract | | 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. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Kiel Institute for the World Economy (IfW) Kiel | | - |
| dc.relation.ispartofseries | | Economics Discussion Papers / Institut für Weltwirtschaft 2007-17 | | en_US |
| dc.subject.jel | | O11 | | en_US |
| dc.subject.jel | | F34 | | en_US |
| dc.subject.jel | | C33 | | en_US |
| dc.subject.jel | | H63 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | External Debt | | en_US |
| dc.subject.keyword | | HIPC | | en_US |
| dc.subject.keyword | | Debt Relief | | en_US |
| dc.subject.keyword | | Economic Growth | | en_US |
| dc.title | | The debt-growth nexus in poor countries: a reassessment | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 558076769 | | en_US |
| dc.rights.license | | http://creativecommons.org/licenses/by-nc/2.0/de/deed.en | | - |
| Appears in Collections: | | Economics: The Open-Access, Open-Assessment E-Journal - Discussion Papers
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