04480oam 22010694 450 991078869120332120230911224607.01-4623-9505-81-4527-2177-71-283-56557-997866138780211-4519-2050-4(CKB)3360000000445384(EBL)3012556(SSID)ssj0000952670(PQKBManifestationID)11505012(PQKBTitleCode)TC0000952670(PQKBWorkID)10903228(PQKB)11278155(OCoLC)535146967(MiAaPQ)EBC3012556(IMF)WPIEE2492003(EXLCZ)99336000000044538420020129d2003 uf 0engur|n|---|||||txtrdacontentcrdamediacrrdacarrierExternal Debt, Public Investment, and Growth in Low-Income Countries /Toan Nguyen, Benedict Clements, Rina BhattacharyaWashington, D.C. :International Monetary Fund,2003.1 online resource (25 pages)IMF Working Papers"December 2003"--Caption.At head of title: Fiscal Affairs Department.1-4518-7590-8 Includes bibliographical references (p. 22-24).""Contents""; ""I. INTRODUCTION""; ""II. SUMMARY OF THE LITERATURE ON EXTERNAL DEBT AND GROWTH""; ""III. EMPIRICAL ANALYSIS""; ""IV. CONCLUSIONS""; ""APPENDIX I""; ""References""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 deficit, then growth could accelerate in some HIPCs by an additional 0.5 percentage point per annum.IMF Working Papers; Working Paper ;No. 2003/249Debts, ExternalDeveloping countriesPublic investmentsDeveloping countriesExports and ImportsimfPublic FinanceimfInternational Lending and Debt ProblemsimfEconomic Growth and Aggregate Productivity: GeneralimfNational Government Expenditures and Related Policies: InfrastructuresimfOther Public Investment and Capital StockimfDebtimfDebt ManagementimfSovereign DebtimfInternational economicsimfPublic finance & taxationimfPublic investment spendingimfDebt serviceimfExternal debtimfDebt burdenimfPublic debtimfPublic investmentsimfDebts, ExternalimfDebts, PublicimfDeveloping countriesEconomic conditionsDebts, ExternalPublic investmentsExports and ImportsPublic FinanceInternational Lending and Debt ProblemsEconomic Growth and Aggregate Productivity: GeneralNational Government Expenditures and Related Policies: InfrastructuresOther Public Investment and Capital StockDebtDebt ManagementSovereign DebtInternational economicsPublic finance & taxationPublic investment spendingDebt serviceExternal debtDebt burdenPublic debtPublic investmentsDebts, ExternalDebts, PublicNguyen Toan1558667Clements Benedict122914Bhattacharya Rina1546552International Monetary Fund.Fiscal Affairs Dept.DcWaIMFBOOK9910788691203321External Debt, Public Investment, and Growth in Low-Income Countries3823244UNINA