Can I read External Debt, Public Investment, and Growth in Low-Income Countries on EtoBox?

External Debt, Public Investment, and Growth in Low-Income Countries by Toan Quoc Nguyen; Rina Bhattacharya; Benedict J. Clements is a nonfiction available to read on EtoBox.

What is External Debt, Public Investment, and Growth in Low-Income Countries about?

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

Who reads External Debt, Public Investment, and Growth in Low-Income Countries?

Author

Toan Quoc Nguyen; Rina Bhattacharya; Benedict J. Clements

Publisher

International Monetary Fund, Fiscal Affairs Dept

Published

2003

Language

EN

ISBN

9781451920505

Category

nonfiction

Subjects

Social Science, Social_sciences