Theoretical Aspects of Growth in Developing Countries : External Debt Dynamics and the Role of Human Capital

External Debt Dynamics and the Role of Human Capital

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This paper formulates a simple aggregate growth model that is capable of assessing the impact of macroeconomic policies on the long-term performance of a developing country. The model emphasizes expenditures on human capital and the dynamics of external debt, and yields empirically testable hypotheses on the relative importance of various... READ MORE...

Publication date: June 1988
ISBN 9781451969443
$10.00

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