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Sunday, July 19, 2020 | History

4 edition of The relationship of external debt and growth found in the catalog.

The relationship of external debt and growth

Yeganeh Hossein Farzin

The relationship of external debt and growth

Sudan"s experience, 1975-1984

by Yeganeh Hossein Farzin

  • 348 Want to read
  • 27 Currently reading

Published by World Bank in Washington, D.C .
Written in English

    Places:
  • Sudan
    • Subjects:
    • Debts, External -- Sudan -- Econometric models.,
    • Sudan -- Economic conditions -- 1973-1983 -- Econometric models.

    • Edition Notes

      StatementY. Hossein Farzin.
      SeriesWorld Bank discussion papers,, 24
      Classifications
      LC ClassificationsHJ8831.5 .F37 1988
      The Physical Object
      Paginationvi, 30 p. :
      Number of Pages30
      ID Numbers
      Open LibraryOL2404067M
      ISBN 100821310259
      LC Control Number87034673
      OCLC/WorldCa17353385

      The study showed that there is a clear negative relationship between the ratio of NPD to GDP and the rate of economic growth in Jordan during the first period of the study, and this relationship became more clear during the period , and this negative relationship became strong when the public debt ratio to GDP exceeded %. As a result, this study seeks to assess the effect of external debt on economic growth in Nigeria as well as provide further evidences on the impact of debt on the process of growth in Nigeria. The remaining part of the study is organized as follows: section two gives the literature review on external debt and economic growth.

      To analyze trends in external debt and economic growth from s to productive efficiency of public To investigate the relationship between external debt and economic growth in the zone. To offer recommendations that could guide fiscal policies and programmes towards debt sustainability and growth.   Fig. 2 illustrates the potential for heterogeneity misspecification in the debt–growth relationship. In the first panel we plot a fractional polynomial regression line (as well as a 95% confidence interval) for per capita GDP against the debt-to-GDP ratio (both variables in logs) — the former is taken in deviation from the country-specific means (‘within’ transformation) to take.

      A number of studies have dealt with the external debt-economic growth relationship during the last two decades. After the second oil crisis in , all countries were affected by the worldwide recession of Due to low commodity prices, high. performance. This study is thus an effort geared towards determining the relationship between Public Debt and Economic Growth in Kenya. This study used a linear regression model to analyse economic growth, public debt, inflation and unemployment data from the fiscal years / to / The study used GDP growth rate as.


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The relationship of external debt and growth by Yeganeh Hossein Farzin Download PDF EPUB FB2

Turkey goes into a big rate of external debt because of insufficient capital and that the saving rates are low. Type of use of the external debts shall also affect the economic growth.

In this study, the relation between external debts and economic growth shall be analyzed based on the VAR method regarding the economy of Turkey for the period.

The aim of the study was to investigate the impact of external debt on economic growth. The research is based on data obtained from to on external debt, private investment, foreign direct investment (FDI), gross domestic product (GDP) and. Exploring the role of external debt on economic growth in Mauritania, Mahmoud () observes a negative relationship between economic growth and debt servicing.

Furthermore, utilising the. This study aims to examine the impact of external debt on economic growth in Bangladesh within a broader macroeconomic scenario.,In the process of doing so, it assesses the empirical cointegration, long-run and short-run dynamics of the concerned variables for the period of – applying the autoregressive distributed lag (ARDL) bounds testing approach to cointegration.

Cordella et al. () investigated how the relationship between external debt and economic growth changes according to debt level in developing countries employing panel data and General Methods of Moments (GMM) model for 79 developing countries covering the period They found negative relationship between external debt and economic.

Empirical studies on external debt-economic growth relationship are numerous in the literature in both developed and developing countries. Theoretically, it is expected that the marginal product of capital should be higher than the world interest rate for developing countries. Then, such countries would benefit from external.

The relationship between economic growth and public debt is a very controversial issue by economists. According to Elmendorf and Mankiw () state debt is important for effects that it brings itself, directly or indirectly, in the country's economy. Firstly, the state debt could affect monetary policy.

These relationships were found to be significant as well. The results also concluded that external debt amount slows down economic growth more as compared to domestic debt amount. The negative effect of external debt is stronger on the economic growth in comparison to domestic debt. economic growth lending support to the fact that relationship exist between external debt and economic growth.

Rogof’s () proposition by finding the cause and effect relationship between external debt and economic slowdown in 7 Asian countries for the period - The results of the Granger causality tests show that the Bullow and. Published Economics.

Sustainable economic growth has crucial importance for all economies, especially for the developing economies like Pakistan, which faces many different challenges as compared to developed countries in boosting up its economic growth in order to lower its debt burden.

This book examines the determinants of economic growth for Pakistan, the impact of domestic. The study investigated the impact of external debt on economic growth in Nigeria for the period Time series data on external debt stock and external debt service was used to capture external debt burden.

The study set out to test for both a long run and causal relationship between external debt and economic growth in Nigeria.

The main objective of the study is to determine whether external debt has significant relationship with economic growth in Nigerian. However, we specifically want to: 1. Ascertain the impact of external debt on Gross Domestic Product (GDP) in Nigeria.

Determine the effect of external debt servicing on Gross domestic Product in Nigeria. relationship between the public debt and inflation while li nks between p ublic debt – GDP growth as well as public debt – interest rates are negative.

Akitoby et a l. Literature examining the relationship between reduction in external debt and economic growth gives mixed signals to the policy makers in both the developed and the developing countries.

Claessens () concludes that the actions taken by creditors to reduce a debtor’s burden of debt. relationship and direction of causality between external debt and economic growth. To that end, this researcher endeavours to explore the dynamics of external debt and economic growth in a Vector Autoregression analysis for Zimbabwe for the period – Background of the study.

There is a limit to the economic growth rate that the government financed expenditure can bring. If the burden of debt is too high then there is a negative impact of debt on the economic growth.

The theory of economic growth examines the relationship between external debt and growth using some contributions from international finance. Thus, Krugman () shows the debt relief Laffer curve (with the shape of an inverted U), where the nominal value of debt of a country and its actual expected payment are related.

On the upward segment. Abstract. This paper investigates the relevance of external debt as a factor inhibiting economic growth gains to be accrued from foreign direct investment (FDI).

We develop a model that formalizes a mechanism to allow for the influence of external debt in the transmission of FDI‐generated externalities and conduct threshold regressions to test the existence of a debt.

A positive growth in external debt means an increase in external debt servicing that leads to increase the demand of foreign currency thus there is a price escalation in the currency in which the debt is denominated.

An appreciation in foreign currency in which the debt is denominated will increase the level of external debt in terms of. As far as the relationship between external debt and economic growth is concerned, a reasonable level of borrowing is likely to enhance economic growth, through capital accumulation and productivity growth because at early stages of development, countries have small stocks of capital and they have limited investment opportunities.

relationship between external public debt and economic growth via a model of endogenous growth. The theory of economic growth examines the relationship be tween external debt and growth using some contributions from inter.debt management helps economic growth and stability through mobilizing resources with low borrowing cost and limiting financial risk exposure.

The objective of this study was to establish the relationship between public debt and economic growth in Afghanistan. The .study revealed that there is significant impact of the external debt and debt service on GDP growth.

The total external debt stock has a positive effect of about and debt service payment has a negative effect of about The cointergration test shows that there is no long run relationship of the external debt and GDP.