External Debt, Public Investment, and Growth in Low-Income Countries / / Toan Nguyen, Benedict Clements, Rina Bhattacharya

• Autore: Nguyen Toan
• Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2003
• Descrizione fisica: 1 online resource (25 pages)
• Soggetto topico: Debts, External - Developing countries; Public investments - Developing countries; Exports and Imports; Public Finance; International Lending and Debt Problems; Economic Growth and Aggregate Productivity: General; National Government Expenditures and Related Policies: Infrastructures; Other Public Investment and Capital Stock; Debt; Debt Management; Sovereign Debt; International economics; Public finance & taxation; Public investment spending; Debt service; External debt; Debt burden; Public debt; Public investments; Debts, External; Debts, Public
• Soggetto geografico: Developing countries Economic conditions
• Altri autori: ClementsBenedict BhattacharyaRina
• Note generali: "December 2003"--Caption.; At head of title: Fiscal Affairs Department.
• Nota di bibliografia: Includes bibliographical references (p. 22-24).
• Nota di contenuto: ""Contents""; ""I. INTRODUCTION""; ""II. SUMMARY OF THE LITERATURE ON EXTERNAL DEBT AND GROWTH""; ""III. EMPIRICAL ANALYSIS""; ""IV. CONCLUSIONS""; ""APPENDIX I""; ""References""
• Sommario/riassunto: 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.
• Titolo autorizzato: External Debt, Public Investment, and Growth in Low-Income Countries
• ISBN: 1-4623-9505-8; 1-4527-2177-7; 1-283-56557-9; 9786613878021; 1-4519-2050-4
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910788691203321
• Lo trovi qui: Univ. Federico II
• Serie: IMF Working Papers; Working Paper ; ; No. 2003/249