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  The Effects of External Debt on Economic Growth
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 Ophav:
Tibebu , Abyot Dessalegn1, Forfatter
Markussen, Thomas 2, Vejleder
Tilknytninger:
1Det Samfundsvidenskabelige Fakultet, Københavns Universitet, København, Danmark, diskurs:7001              
2Økonomisk Institut, Det Samfundsvidenskabelige Fakultet, Københavns Universitet, København, Danmark, diskurs:7014              
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Indhold

Ukontrollerede emneord: External Debt, Debt Relief, Sub-Sahara Africa, Economic Growth
 Abstract: The objective of this study is to examine the (linear and non-linear) relationships between external debt and economic growth in Sub-Sahara African countries. The thesis is organized in to eight sections. The first section is the Introduction. The second section reviews the literatures on external debt-growth relationships. The third section highlights the economic performances of sub-Sahara African economies in the last few decades. Particularly it reviews some of the factors that have caused the poor economic performances of the region in the turn of the 20th century. Section four discusses the considerations for debt relief and the debt relief initiatives. Section five presents data, model specification, estimation methodology and the descriptive analysis. Section six discusses the empirical findings of both the linear and non-linear effects of debt on growth. Section seven analyzes the implications of the empirical findings to the requirements of debt relief. Section eight concludes the analysis.
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Bemærkninger:
-
Tilgængelighed:
Offentlig
Mime-type / størrelse:
application/pdf / 2MB
Copyright dato:
2012-04-04
Copyright information:
De fulde rettigheder til dette materiale tilhører forfatteren.
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Basal

Bogmærk denne post: https://diskurs.kb.dk/item/diskurs:28110:4
 Type: Speciale
Alternativ titel: The Case of Sub-Sahara African Countries
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Detaljer

Sprog: English - eng
 Datoer: 2011-10-31
 Sider: -
 Publiceringsinfo: København : Københavns Universitet
 Indholdsfortegnelse: Executive Summary II
Dedication V
Preface . VI
Abbreviation VII
1. Introduction . 1
2. Literature Review . 5
2.1 Theoretical literature 5
2.1.1 Debt Overhang . 6
2.1.2 Liquidity Constraint . 8
2.2 Empirical Literature . 8
2.3 Economic growth . 12
2.3.1. Growth Accounting 13
2.3.2 Policy and growth 14
3. A review of sub-Sahara African countries economic performance . 16
3.1 Explaining the Sub-Saharan Africa growth record 17
3.2 Sectoral developments in Sub-Sahara Africa . 21
4. Debt Relief and Debt Relief Initiatives 24
4.1 Theoretical considerations of debt relief 25
4.2 Effectiveness of debt relief . 27
5. Data, Estimation Strategy, and Descriptive Analysis 29
5.1 Data, variable description and data sources . 29
5.2 Descriptive Analysis. 32
5.3 Estimation Methodology 37
5.4 Model Specification . 42
6. Empirical results 47
6.1 Linear effects on GDP growth 47
6.2: Linear effects on investment . 49
6.3: Linear effects on Sources of growth . 50
6.3.1 Effects on physical capital growth . 51
6.3.2. Effects on human capital growth 52
6.3.3 Effects on Total factor productivity (TFP) 52
6.4: Policy, external debt and growth . 53
6.5: Non-linear effects on growth . 55
7. Implications for Debt Relief 59 8. Conclusions and Policy Recommendations . 61
References . 63
Web Pages . 69
Appendix . 70
 Note: -
 Type: Speciale
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