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DEBT OVERHANG, FINANCIAL SECTOR DEVELOPMENT AND ECONOMIC GROWTH

HWANG, JEN-TE; CHUNG, CHIEN-PING; WANG, CHIEH-HSUAN - In: Hitotsubashi Journal of Economics 51 (2010) 1, pp. 13-30

This paper uses panel data of 20 high external debt countries selected from Asia and Latin-America to investigate the financial sector development-debt-growth nexus within the framework of an endogenous growth and financial development mechanism. First, we found that among 20 high external debt...

Persistent link: https://www.econbiz.de/10009209637