What Are the Channels Through Which External Debt Affects Growth?

What Are the Channels Through Which External Debt Affects Growth?
This paper investigates the channels through which debt affects growth, specifically whether debt affects growth through factor accumulation or total factor productivity growth. It also tests for the presence of nonlinearities in the effects of debt on the different sources of growth. We use a large panel dataset of 61 developing countries over... READ MORE...

Publication date: January 2004
ISBN 9781451843293
$15.00

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