LEADER 04728oam 22011774 450 001 9910958649803321 005 20250426110118.0 010 $a9786613878021 010 $a9781462395057 010 $a1462395058 010 $a9781452721774 010 $a1452721777 010 $a9781283565578 010 $a1283565579 010 $a9781451920505 010 $a1451920504 035 $a(CKB)3360000000445384 035 $a(EBL)3012556 035 $a(SSID)ssj0000952670 035 $a(PQKBManifestationID)11505012 035 $a(PQKBTitleCode)TC0000952670 035 $a(PQKBWorkID)10903228 035 $a(PQKB)11278155 035 $a(OCoLC)535146967 035 $a(IMF)WPIEE2492003 035 $a(MiAaPQ)EBC3012556 035 $a(IMF)WPIEA2492003 035 $aWPIEA2492003 035 $a(EXLCZ)993360000000445384 100 $a20020129d2003 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aExternal Debt, Public Investment, and Growth in Low-Income Countries /$fToan Nguyen, Benedict Clements, Rina Bhattacharya 205 $a1st ed. 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2003. 215 $a1 online resource (25 pages) 225 1 $aIMF Working Papers 300 $aCover title. 300 $a"December 2003"--Caption. 300 $aAt head of title: Fiscal Affairs Department. 311 08$a9781451875904 311 08$a1451875908 320 $aIncludes bibliographical references (p. 22-24). 327 $a""Contents""; ""I. INTRODUCTION""; ""II. SUMMARY OF THE LITERATURE ON EXTERNAL DEBT AND GROWTH""; ""III. EMPIRICAL ANALYSIS""; ""IV. CONCLUSIONS""; ""APPENDIX I""; ""References"" 330 3 $aThis paper examines the channels through which external debt affects growth in low-income countries. Our results suggest that the substantial reduction in the stock of external debt projected for highly indebted poor countries (HIPCs) would directly increase per capita income growth by about 1 percentage point per annum. Reductions in external debt service could also provide an indirect boost to growth through their effects on public investment. If half of all debt-service relief were channeled for such purposes without increasing the budget deficit, then growth could accelerate in some HIPCs by an additional 0.5 percentage point per annum. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2003/249 606 $aDebts, External$zDeveloping countries 606 $aPublic investments$zDeveloping countries 606 $aDebt burden$2imf 606 $aDebt Management$2imf 606 $aDebt service$2imf 606 $aDebt$2imf 606 $aDebts, External$2imf 606 $aDebts, Public$2imf 606 $aEconomic Growth and Aggregate Productivity: General$2imf 606 $aExports and Imports$2imf 606 $aExternal debt$2imf 606 $aInternational economics$2imf 606 $aInternational Lending and Debt Problems$2imf 606 $aNational Government Expenditures and Related Policies: Infrastructures$2imf 606 $aOther Public Investment and Capital Stock$2imf 606 $aPublic debt$2imf 606 $aPublic finance & taxation$2imf 606 $aPublic Finance$2imf 606 $aPublic investment spending$2imf 606 $aPublic investments$2imf 606 $aSovereign Debt$2imf 607 $aDeveloping countries$xEconomic conditions 615 0$aDebts, External 615 0$aPublic investments 615 7$aDebt burden 615 7$aDebt Management 615 7$aDebt service 615 7$aDebt 615 7$aDebts, External 615 7$aDebts, Public 615 7$aEconomic Growth and Aggregate Productivity: General 615 7$aExports and Imports 615 7$aExternal debt 615 7$aInternational economics 615 7$aInternational Lending and Debt Problems 615 7$aNational Government Expenditures and Related Policies: Infrastructures 615 7$aOther Public Investment and Capital Stock 615 7$aPublic debt 615 7$aPublic finance & taxation 615 7$aPublic Finance 615 7$aPublic investment spending 615 7$aPublic investments 615 7$aSovereign Debt 700 $aNguyen$b Toan$01816057 701 $aBhattacharya$b Rina$01816058 701 $aClements$b Benedict$0122914 712 02$aInternational Monetary Fund.$bFiscal Affairs Dept. 801 0$bDcWaIMF 906 $aBOOK 912 $a9910958649803321 996 $aExternal Debt, Public Investment, and Growth in Low-Income Countries$94371692 997 $aUNINA