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Author : Maureen Were
Publisher :
ISBN 13 :
Total Pages : 28 pages
Book Rating : 4.3/5 (129 download)
Download or read book The Impact of External Debt on Economic Growth in Kenya written by Maureen Were and published by . This book was released on 2001 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Jaejoon Woo
Publisher : International Monetary Fund
ISBN 13 : 1455201855
Total Pages : 48 pages
Book Rating : 4.4/5 (552 download)
Download or read book Public Debt and Growth written by Jaejoon Woo and published by International Monetary Fund. This book was released on 2010-07-01 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores the impact of high public debt on long-run economic growth. The analysis, based on a panel of advanced and emerging economies over almost four decades, takes into account a broad range of determinants of growth as well as various estimation issues including reverse causality and endogeneity. In addition, threshold effects, nonlinearities, and differences between advanced and emerging market economies are examined. The empirical results suggest an inverse relationship between initial debt and subsequent growth, controlling for other determinants of growth: on average, a 10 percentage point increase in the initial debt-to-GDP ratio is associated with a slowdown in annual real per capita GDP growth of around 0.2 percentage points per year, with the impact being somewhat smaller in advanced economies. There is some evidence of nonlinearity with higher levels of initial debt having a proportionately larger negative effect on subsequent growth. Analysis of the components of growth suggests that the adverse effect largely reflects a slowdown in labor productivity growth mainly due to reduced investment and slower growth of capital stock.
Author : Owen Adams
Publisher : GRIN Verlag
ISBN 13 : 3346923983
Total Pages : 16 pages
Book Rating : 4.3/5 (469 download)
Download or read book The Effect of External Debt on Economic Growth in Developing Countries written by Owen Adams and published by GRIN Verlag. This book was released on 2023-08-18 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 : M. Ayhan Kose
Publisher : World Bank Publications
ISBN 13 : 1464815453
Total Pages : 403 pages
Book Rating : 4.4/5 (648 download)
Download or read book Global Waves of Debt written by M. Ayhan Kose and published by World Bank Publications. This book was released on 2021-03-03 with total page 403 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.
Author : Asaad Najib
Publisher :
ISBN 13 :
Total Pages : 182 pages
Book Rating : 4.:/5 (66 download)
Download or read book The Impact of External Debt on Economic Growth in Highly Indebted Developing Countries written by Asaad Najib and published by . This book was released on 2005 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Mr.Boileau Loko
Publisher : International Monetary Fund
ISBN 13 : 1451848196
Total Pages : 27 pages
Book Rating : 4.4/5 (518 download)
Download or read book The Impact of External Indebtednesson Poverty in Low-Income Countries written by Mr.Boileau Loko and published by International Monetary Fund. This book was released on 2003-03-01 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores the relationship between external debt and poverty. A number of observers have argued that high external indebtedness is a major cause of poverty. Using the first-differenced general method of moments (GMM) estimator, the paper models the impact of external debt on poverty, measured by life expectancy, infant mortality, and gross primary enrollment rates, while duly taking into account the impact of external debt on income. The paper thus endeavors to bring together the literature that links external debt with income growth and poverty. The main conclusion is that once the effect of income on poverty has been taken into account, external indebtedness indicators have a limited but important impact on poverty.
Author : Mahwish Zafar
Publisher : LAP Lambert Academic Publishing
ISBN 13 : 9783659785870
Total Pages : 88 pages
Book Rating : 4.7/5 (858 download)
Download or read book Impact of Trade Openness and External Debt on Economic Growth written by Mahwish Zafar and published by LAP Lambert Academic Publishing. This book was released on 2015-10-24 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: Do lesser obstacles to international trade and more external debt encourage an optimistic result on economic growth? This has been a burning topic within the ground of economics for more than a century. The most important purpose of this research is to investigate the impact of trade openness and external debt on wide-reaching economic growth. Panel regression has been used for the analysis purpose.Conclusion of the research indicates a positive relationship between trade openness and economic growth but negative association between foreign debt and economic growth of regions. On the basis of the empirical results acquired, it is strongly recommended to policy makers and economists to provide new horizons for lesser trade barriers. However, we conclude that macroeconomic instabilities, economic factors like inflation, unemployment and government expenditures are the main source of explaining economic growth in the long run.Furthermore external debt is an essential factor for economic growth in the developing countries. Even then it is considered as burden for the economic health of that state.
Author : M. A. B Siddique
Publisher :
ISBN 13 :
Total Pages : 31 pages
Book Rating : 4.:/5 (92 download)
Download or read book The Impact of External Debt on Economic Growth written by M. A. B Siddique and published by . This book was released on 2015 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Diery Seck
Publisher : Springer Nature
ISBN 13 : 3030464822
Total Pages : 251 pages
Book Rating : 4.0/5 (34 download)
Download or read book Financing Africa’s Development written by Diery Seck and published by Springer Nature. This book was released on 2020-06-24 with total page 251 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the impact of financing on Africa’s economic development. By exploring various financial instruments including the role of alternative sources of funding like migrant remittances and illicit flows, it analyses the role of financing for Africa’s macroeconomic development and other development indicators such as infrastructure, transport, global trade, industrialisation, social services, external indebtedness and governance. By presenting and examining case studies on various African countries and regions, the respective contributions investigate the capacity of institutions to facilitate and structure the economy’s funding activities, and to strengthen the ties between finance and development. Furthermore, they discuss various regional aspects, such as the integration of infrastructure, harmonization of fiscal policy, integration of financial markets, and the facilitation of intra-regional trade and movement of capital. Given its scope, the book will appeal to scholars of economics and development studies with an interest in the economic development of Africa.
Author : Chris Czerkawski
Publisher : Springer Science & Business Media
ISBN 13 : 3642845495
Total Pages : 157 pages
Book Rating : 4.6/5 (428 download)
Download or read book Theoretical and Policy-Oriented Aspects of the External Debt Economics written by Chris Czerkawski and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 157 pages. Available in PDF, EPUB and Kindle. Book excerpt: The past approach to the international debt crisis has been traditionally based on conventional banking principle in which debt had to be paid back in fuH and in time. International lending was a function of the perceived credit standing of debtor country and the return on investment (ROI). If debtor country run into difficulties and had problems with service payments - it was generally assumed that the debt-related expenditures were mismanaged. With economic stability and firm financial rules - the debt crisis was supposed to disappear after application of appropriate adjustment measures. However in the world of inconsistent lending criteria greater uncertainty and increased volatility of expectations - the problem has continued to get worse. At the beginning of the 1990s a number of countries are more indebted than at any other time in the past. Until mid 1980s extern al debt economics has been rather a disembodied concept for most economists and business leaders. The main reason for this neglect of one of the most important macroeconomic categories was difficulty of distinguishing terminologically and methodologically the domestic determinants of national expenditures from the external ones. Then there were conceptual problems in distinguishing the functional determinants of macroeconomic liquidity from external and domestic determinants of macro-economic solvency. Moreover many studies of the debt crisis were one-sided. Usually debt was seen as a 'white-black' phenomenon with debtor countries accusing creditor countries for causing the crisis and vice versa.
Author : Idris Idris Musa
Publisher :
ISBN 13 :
Total Pages : 112 pages
Book Rating : 4.:/5 (953 download)
Download or read book Impact of External Debt on Economic Growth in Nigeria written by Idris Idris Musa and published by . This book was released on 2015 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Alfred Greiner
Publisher : Springer Science & Business Media
ISBN 13 : 3642017452
Total Pages : 148 pages
Book Rating : 4.6/5 (42 download)
Download or read book Public Debt and Economic Growth written by Alfred Greiner and published by Springer Science & Business Media. This book was released on 2009-07-24 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: Starting point of this book is the observation that an increase in public debt must be accompanied by a rise in the primary surplus of the government to guarantee sustainability of public debt. The book first elaborates on that principle from a theoretical point of view and then tests whether empirical evidence for that rule can be found. Additional tests are implemented to gain further evidence on sustainability of public debt. In order to allow for time varying coefficients penalized spline estimations are performed. The theoretical chapters present endogenous growth models and assume that the primary surplus rises as public debt increases so that sustainability of public debt is given. Implications of public deficits and debt are studied assuming full employment and for unemployment. The conclusion summarizes the findings and compares the results of the different models. Finally, policy implications are given showing how governments should deal with high public debt to GDP ratios.
Author : Kevin Greenidge
Publisher : International Monetary Fund
ISBN 13 : 1475514298
Total Pages : 23 pages
Book Rating : 4.4/5 (755 download)
Download or read book Threshold Effects of Sovereign Debt written by Kevin Greenidge and published by International Monetary Fund. This book was released on 2012-06-01 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper addresses the issue of threshold effects between public debt and economic growth in the Caribbean. The main finding is that there exists a threshold debt to gross domestic product (GDP) ratio of 55–56 percent. Moreover, the debt dynamics begin changing well before this threshold is reached. Specifically, at debt levels lower than 30 percent of GDP, increases in the debt-to-GDP ratio are associated with faster economic growth. However, as debt rises beyond 30 percent, the effects on economic growth diminishes rapidly and at debt levels reaching 55-56 percent of GDP, the growth impacts switch from positive to negative. Thus, beyond this threshold, debt becomes a drag on growth.
Author : Hans Wolfgang Singer
Publisher :
ISBN 13 :
Total Pages : 304 pages
Book Rating : 4.:/5 (318 download)
Download or read book Growth and External Debt Management written by Hans Wolfgang Singer and published by . This book was released on 1989 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Dragoslav Avramovic
Publisher :
ISBN 13 :
Total Pages : 230 pages
Book Rating : 4.3/5 (91 download)
Download or read book Economic Growth and External Debt written by Dragoslav Avramovic and published by . This book was released on 1964 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bevat: 1. An analytical framework. 2. A statistical presentation. 3. Essays.
Author : Juan Pablo Bohoslavsky
Publisher : Cambridge University Press
ISBN 13 : 1316510441
Total Pages : 309 pages
Book Rating : 4.3/5 (165 download)
Download or read book Sovereign Debt Crises written by Juan Pablo Bohoslavsky and published by Cambridge University Press. This book was released on 2017-11-02 with total page 309 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contributes to a better understanding of the policy, economic, and legal options of countries struggling with debt problems.
Author : Robert J. Barro
Publisher : Kingston, Ont. : Institute for Economic Research, Queen's University
ISBN 13 : 9783925357558
Total Pages : 36 pages
Book Rating : 4.3/5 (575 download)
Download or read book The Ricardian Approach to Budget Deficits written by Robert J. Barro and published by Kingston, Ont. : Institute for Economic Research, Queen's University. This book was released on 1988 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Persistent budget deficits have increased economists' interest in theories and evidence about fiscal policy. This paper develops the Ricardian approach and contrasts it with standard models. The discussion considers from major theoretical objections to Ricardian equivalence-finite lifetimes, imperfect capital markets, uncertainty about future taxes and incomes, and the distorting effects of taxation Then the paper considers empirical evidence on interest rates, consumption and saving, and current-account deficits. The conclusion is that the Ricardian approach is a useful first-order approximation, and that this approach will probably become the benchwork model for assessing fiscal policy.
