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Record Nr. |
UNINA9910821997603321 |
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Autore |
Clements Benedict J |
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Titolo |
External debt, public investment, and growth in low-income countries / / prepared by Benedict Clements, Rina Bhattacharya and Toan Quoc Nguyen |
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Pubbl/distr/stampa |
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Washington, D.C., : International Monetary Fund, Fiscal Affairs Dept., 2003 |
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ISBN |
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1-4623-9505-8 |
1-4527-2177-7 |
1-283-56557-9 |
9786613878021 |
1-4519-2050-4 |
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Edizione |
[1st ed.] |
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Descrizione fisica |
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1 online resource (25 pages) |
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Collana |
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IMF working paper ; ; WP/03/249 |
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Altri autori (Persone) |
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BhattacharyaRina |
NguyenToan Quoc |
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Soggetti |
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Debts, External - Developing countries |
Public investments - Developing countries |
Developing countries Economic conditions |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Cover title. |
"December 2003"--Caption. |
At head of title: Fiscal Affairs Department. |
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Nota di bibliografia |
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Includes bibliographical references (p. 22-24). |
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Nota di contenuto |
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""Contents""; ""I. INTRODUCTION""; ""II. SUMMARY OF THE LITERATURE ON EXTERNAL DEBT AND GROWTH""; ""III. EMPIRICAL ANALYSIS""; ""IV. CONCLUSIONS""; ""APPENDIX I""; ""References"" |
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Sommario/riassunto |
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This paper examines the channels through which external debt affects growth in low-income countries. Our results suggest that the substantial reduction in the stock of external debt projected for highly indebted poor countries (HIPCs) would directly increase per capita income growth by about 1 percentage point per annum. Reductions in external debt service could also provide an indirect boost to growth through their effects on public investment. If half of all debt-service relief were channeled for such purposes without increasing the budget |
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