External Debt And Growth

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External Debt Statistics

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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2003-06-25

External Debt Statistics written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-06-25 with Business & Economics categories.

This Guide provides clear, up-to-date guidance on the concepts, definitions, and classifications of the gross external debt of the public and private sectors, and on the sources, compilation techniques, and analytical uses of these data. The Guide supersedes the previous international guidance on external debt statistics available in External Debt: Definition, Statistical Coverage, and Methodology (known as the Gray Book), 1988. The Guides conceptual framework derives from the System of National Accounts 1993 and the fifth edition of the IMFs Balance of Payments Manual(1993). Preparation of the Guide was undertaken by an Inter-Agency Task Force on Finance Statistics, chaired by the IMF and involving representatives from the BIS, the Commonwealth Secretariat, the European Central Bank, Eurostat, the OECD, the Paris Club Secretariat, UNCTAD, and the World Bank.

The Impact Of External Debt On Economic Growth In Kenya

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Author : Maureen Were
language : en
Publisher:
Release Date : 2001

The Impact Of External Debt On Economic Growth In Kenya written by Maureen Were and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Debts, External categories.

Public Debt And Growth

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Author : Jaejoon Woo
language : en
Publisher: International Monetary Fund
Release Date : 2010-07-01

Public Debt And Growth written by Jaejoon Woo and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-07-01 with Business & Economics categories.

This paper explores the impact of high public debt on long-run economic growth. The analysis, based on a panel of advanced and emerging economies over almost four decades, takes into account a broad range of determinants of growth as well as various estimation issues including reverse causality and endogeneity. In addition, threshold effects, nonlinearities, and differences between advanced and emerging market economies are examined. The empirical results suggest an inverse relationship between initial debt and subsequent growth, controlling for other determinants of growth: on average, a 10 percentage point increase in the initial debt-to-GDP ratio is associated with a slowdown in annual real per capita GDP growth of around 0.2 percentage points per year, with the impact being somewhat smaller in advanced economies. There is some evidence of nonlinearity with higher levels of initial debt having a proportionately larger negative effect on subsequent growth. Analysis of the components of growth suggests that the adverse effect largely reflects a slowdown in labor productivity growth mainly due to reduced investment and slower growth of capital stock.

Debt Relief And Beyond

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Author : Dörte Dömeland
language : en
Publisher:
Release Date : 2009

Debt Relief And Beyond written by Dörte Dömeland and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Debt relief categories.

External Debt And Capital Flight In Sub Saharan Africa

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Author : Mr.Mohsin S. Khan
language : en
Publisher: International Monetary Fund
Release Date : 2000-05-12

External Debt And Capital Flight In Sub Saharan Africa written by Mr.Mohsin S. Khan and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000-05-12 with Business & Economics categories.

Mounting external debt and large-scale capital flight have been at the forefront of Africa's economic problems since the 1980s. External Debt and Capital Flight in Sub-Saharan Africa, edited by S. Ibi Ajayi and Mohsin S. Khan, takes a penetrating look at debt and capital flight during the 1990s in Ghana, Kenya, Nigeria, Tanzania, and Uganda. The book describes the size and composition of debt in the selected countries and examines the causes of the debt buildup. It also assesses the extent of capital flight and suggests ways of stemming the flight of financial resources.

Global Waves Of Debt

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Author : M. Ayhan Kose
language : en
Publisher: World Bank Publications
Release Date : 2021-03-04

Global Waves Of Debt written by M. Ayhan Kose and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-03-04 with Business & Economics categories.

The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.

External Debt And Growth

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Author : Catherine A. Pattillo
language : en
Publisher:
Release Date : 2006

External Debt And Growth written by Catherine A. Pattillo and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with categories.

This paper assesses the non linear impact of external debt on growth using a large panel data set of 93 developing countries over 1969-98. Results are generally robust across different econometric methodologies, regression specifications, and different debt indicators. For a country with average indebtedness, doubling the debt ratio would reduce annual per capita growth by between half and a full percentage point. The differential in per capita growth between countries with external indebtedness (in net present value) below 100 percent of exports and above 300 percent of exports seems to be in excess of 2 percent per annum. For countries that are to benefit from debt reduction under the current HIPC initiative, per capita growth might increase by 1 percentage point, unless constrained by other macroeconomic and structural economic distortions. Our findings also suggest that the average impact of debt becomes negative at about 160-170 percent of exports or 35-40 percent of GDP. The marginal impact of debt starts being negative at about half of these values. High debt appears to reduce growth mainly by lowering the efficiency of investment rather than its volume.

Growth External Debt And Sovereign Risk In A Small Open Economy

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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 1989-06-23

Growth External Debt And Sovereign Risk In A Small Open Economy written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989-06-23 with Business & Economics categories.

This paper constructs and analyzes an optimizing model of a highly-indebted small open economy. An important innovation in the model is the incorporation of sovereign risk through the specification of an upward-sloping foreign debt supply function. The model is used to examine the interaction between external debt and growth in response to various policies and exogenous disturbances. It is shown that structural policies intended to reduce the fiscal deficit or increase productivity can lead to tradeoffs in their effect on capital accumulation and the stock of debt.

External Debt And Growth In Developing Countries

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Author : Abdur R. Chowdhury
language : en
Publisher:
Release Date : 2001

External Debt And Growth In Developing Countries written by Abdur R. Chowdhury and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Debts, External categories.

Growth And External Debt Management

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Author : H.W. Singer
language : en
Publisher: Springer
Release Date : 1989-06-18

Growth And External Debt Management written by H.W. Singer and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989-06-18 with Political Science categories.

This volume contains a series of 21 papers presented at the International Conference of Economists, held at the University of Zagreb, Yugoslavia. The contributors discuss policy issues of macro-economic managment and offer general and overall approaches to the debt and growth problems of the 1980s.