Please use this identifier to cite or link to this item:
https://hdl.handle.net/10419/17940
Full metadata record
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Presbitero, Andrea F. | en |
dc.date.accessioned | 2009-01-28T15:05:05Z | - |
dc.date.available | 2009-01-28T15:05:05Z | - |
dc.date.issued | 2007 | - |
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 |
dc.language.iso | eng | en |
dc.publisher | |aKiel Institute for the World Economy (IfW) |cKiel | en |
dc.relation.ispartofseries | |aEconomics Discussion Papers |x2007-17 | en |
dc.subject.jel | O11 | en |
dc.subject.jel | F34 | en |
dc.subject.jel | C33 | en |
dc.subject.jel | H63 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | External Debt | en |
dc.subject.keyword | HIPC | en |
dc.subject.keyword | Debt Relief | en |
dc.subject.keyword | Economic Growth | en |
dc.title | The debt-growth nexus in poor countries: a reassessment | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 558076769 | en |
dc.rights.license | http://creativecommons.org/licenses/by-nc/2.0/de/deed.en | en |
dc.identifier.repec | RePEc:zbw:ifwedp:5531 | en |
Files in This Item:
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.