External Debt and Growth in Developing Countries PDF Download

Author: Abdur R. Chowdhury
Publisher:
ISBN: 9789291900114
Category : Debts, External
Languages : en
Pages : 22

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Author: V. Pushpa Kumari
Publisher:
ISBN: 9788175250147
Category : Debts, External
Languages : en
Pages : 156

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Book Description

Author: H.W. Singer
Publisher: Springer
ISBN: 1349109444
Category : Political Science
Languages : en
Pages : 291

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Book Description
This volume contains a series of 21 papers presented at the International Conference of Economists, held at the University of Zagreb, Yugoslavia. The contributors discuss policy issues of macro-economic managment and offer general and overall approaches to the debt and growth problems of the 1980s.

Author: Indermit Singh Gill
Publisher: World Bank Publications
ISBN:
Category : Debts, Public
Languages : en
Pages : 43

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Book Description
"Over the past 25 years, significant levels of public debt and external finance are more likely to have enhanced macroeconomic vulnerability than economic growth in developing countries. This applies not just to countries with a history of high inflation and past default, but also to those in East Asia, with a long tradition of prudent macroeconomic policies and rapid growth. The authors examine why with the help of a conceptual framework drawn from the growth, capital flows, and crisis literature for developing countries with access to the international capital markets (market access countries or MACs). They find that, while the chances of another generalized debt crisis have receded since the turbulence of the late 1990s, sovereign debt is indeed constraining growth in MACs, especially those with debt sustainability problems ... " -- Cover verso.

Author: Juan Pablo Bohoslavsky
Publisher: Cambridge University Press
ISBN: 1316510441
Category : Business & Economics
Languages : en
Pages : 309

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Book Description
Contributes to a better understanding of the policy, economic, and legal options of countries struggling with debt problems.

Author: Armin Gutowski
Publisher:
ISBN:
Category : Debts, External
Languages : en
Pages : 360

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Book Description
Examines the conditions under which individual developing countries can use external financial resources to service debts and bear the associated costs.

Author: Owen Adams
Publisher: GRIN Verlag
ISBN: 3346923983
Category : Political Science
Languages : en
Pages : 16

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Book Description
Essay from the year 2022 in the subject Business economics - Economic Policy, grade: 5.0, , language: English, abstract: This paper examines the impact of external public debt on the economic growth of developing countries. It delves into the dynamics of borrowing, debt service, and their effects on long-term economic development. The study analyzes established economic growth theories, including the neoclassical and endogenous growth models, to understand the intricate relationships between investment, technology, and labor that shape a nation's economic trajectory. It further explores the implications of debt through liquidity constraint and debt overhang theories, highlighting the potential crowding-out effect and diminished local resources for development due to debt service obligations.

Author: Marilyn J. Seiber
Publisher: Elsevier
ISBN: 1483189813
Category : Business & Economics
Languages : en
Pages : 224

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Book Description
International Borrowing by Developing Countries analyzes the various aspects of developing-country debt. The title covers various concepts such as theory of borrowing, official and private debt, petrofund recycling, and debt relief. The text first deals with role of external capital and debt in economic development, and then proceeds to examining the historical debt experience of the now-creditor countries. Next, the selection tackles the official bilateral and multilateral debt along with its patterns, magnitude, and the procedures and experience of official debt rescheduling. The text also analyzes the private Eurocurrency debt and the official positions on debt relief and reviews proposals for recycling petrofunds and providing new sources of financing. The last part deals with the political factors that will affect external debt, as well as recommendations for future policy. The book will be of great interest to economists, political scientists, game theorists, and sociologists.

Author: Dragoslav Avramovic
Publisher:
ISBN:
Category : Absorptive capacity (Economics)
Languages : en
Pages : 230

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Book Description
Bevat: 1. An analytical framework. 2. A statistical presentation. 3. Essays.

Author: Catherine A. Pattillo
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 56

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Book Description
This paper assesses the non linear impact of external debt on growth using a large panel data set of 93 developing countries over 1969–98. Results are generally robust across different econometric methodologies, regression specifications, and different debt indicators. For a country with average indebtedness, doubling the debt ratio would reduce annual per capita growth by between half and a full percentage point. The differential in per capita growth between countries with external indebtedness (in net present value) below 100 percent of exports and above 300 percent of exports seems to be in excess of 2 percent per annum. For countries that are to benefit from debt reduction under the current HIPC initiative, per capita growth might increase by 1 percentage point, unless constrained by other macroeconomic and structural economic distortions. Our findings also suggest that the average impact of debt becomes negative at about 160–170 percent of exports or 35–40 percent of GDP. The marginal impact of debt starts being negative at about half of these values. High debt appears to reduce growth mainly by lowering the efficiency of investment rather than its volume.