|
EconStor >
Institut für Weltwirtschaft (IfW), Kiel >
Economics: The Open-Access, Open-Assessment E-Journal - Journal Articles >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/27514
|
| | |
| Title: | | The Debt-Growth Nexus in Poor Countries: A Reassessment  |
| Authors: | | Presbitero, Andrea F. |
| Issue Date: | | 2008 |
| Citation: | | [Journal:] Economics: The Open-Access, Open-Assessment E-Journal [Volume:] 2 [Issue:] 2008-30 [Pages:] 1-28 [DOI/URN:] doi:10.5018/economics-ejournal.ja.2008-30 |
| Series/Report no.: | | economics - The Open-Access, Open-Assessment E-Journal 2008-30 |
| Abstract: | | The paper investigates the relationship between external debt and economic growth, focusing on the role played by the policy and institutional framework. Results for a panel of 114 developing countries show that the debt-growth nexus depends on institutions and policies. The Debt-Laffer curve looses statistical significance once institutional quality is controlled for and debt overhang seems to be at work exclusively in countries with sound institutions. On the contrary, external debt proves to be irrelevant for countries with weak institutions. A policy implication is that efficient debt relief policies should be tailored to country-specific characteristics and conditional to a certain level of institutional quality. |
| Subjects: | | External debt HIPC debt relief economic growth |
| JEL: | | F34 H63 O11 C33 |
| Persistent Identifier of the first edition: | | doi:10.5018/economics-ejournal.ja.2008-30 |
| URL of the first edition: | | http://www.economics-ejournal.org/economics/journalarticles/2008-30 |
| Creative Commons License: | |  |
| Document Type: | | Article |
| Appears in Collections: | | Economics: The Open-Access, Open-Assessment E-Journal - Journal Articles
|
| |
| | |
Download bibliographical data as:
BibTeX
|
| |
Share on:http://hdl.handle.net/10419/27514
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|