04728oam 22011774 450 991095864980332120250426110118.0978661387802197814623950571462395058978145272177414527217779781283565578128356557997814519205051451920504(CKB)3360000000445384(EBL)3012556(SSID)ssj0000952670(PQKBManifestationID)11505012(PQKBTitleCode)TC0000952670(PQKBWorkID)10903228(PQKB)11278155(OCoLC)535146967(IMF)WPIEE2492003(MiAaPQ)EBC3012556(IMF)WPIEA2492003WPIEA2492003(EXLCZ)99336000000044538420020129d2003 uf 0engur|n|---|||||txtrdacontentcrdamediacrrdacarrierExternal Debt, Public Investment, and Growth in Low-Income Countries /Toan Nguyen, Benedict Clements, Rina Bhattacharya1st ed.Washington, D.C. :International Monetary Fund,2003.1 online resource (25 pages)IMF Working PapersCover title."December 2003"--Caption.At head of title: Fiscal Affairs Department.9781451875904 1451875908 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 countriesDebt burdenimfDebt ManagementimfDebt serviceimfDebtimfDebts, ExternalimfDebts, PublicimfEconomic Growth and Aggregate Productivity: GeneralimfExports and ImportsimfExternal debtimfInternational economicsimfInternational Lending and Debt ProblemsimfNational Government Expenditures and Related Policies: InfrastructuresimfOther Public Investment and Capital StockimfPublic debtimfPublic finance & taxationimfPublic FinanceimfPublic investment spendingimfPublic investmentsimfSovereign DebtimfDeveloping countriesEconomic conditionsDebts, ExternalPublic investmentsDebt burdenDebt ManagementDebt serviceDebtDebts, ExternalDebts, PublicEconomic Growth and Aggregate Productivity: GeneralExports and ImportsExternal debtInternational economicsInternational Lending and Debt ProblemsNational Government Expenditures and Related Policies: InfrastructuresOther Public Investment and Capital StockPublic debtPublic finance & taxationPublic FinancePublic investment spendingPublic investmentsSovereign DebtNguyen Toan1816057Bhattacharya Rina1816058Clements Benedict122914International Monetary Fund.Fiscal Affairs Dept.DcWaIMFBOOK9910958649803321External Debt, Public Investment, and Growth in Low-Income Countries4371692UNINA