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Dynamic Fiscal Impact of The Debt Relief Initiatives on African Highly Indebted Poor Countries (HIPCs)
Van Campenhout, Bjorn; Raffinot, Marc; Ferry, Marin; … - Université Paris-Dauphine (Paris IX) - 2013
After two debt relief initiatives launched in 1996 (the Heavily Indebted Poor Countries, HIPC Initiative) and in 1999 … (The enhanced HIPC initiative), the G7 decided to go further by cancelling the remaining multilateral debt for these HIPC … methodological issues as endogeneity and fixed effects. We found that debt relief and especially the enhanced HIPC initiative have …
Persistent link: https://www.econbiz.de/10010861386
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A chameleon called debt relief
Cassimon, Danny; Essers, Dennis - Instituut voor Ontwikkelingsbeleid en -beheer (IOB), … - 2013
This paper critically reviews three decades of official creditors’ debt relief practice in Sub-Saharan Africa from a novel angle, i.e. along debt relief’s similarities with other aid modalities. We show that debt relief is a true ‘chameleon’ which mimics different sorts of aid, from...
Persistent link: https://www.econbiz.de/10010932109
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Africa: Out of debt, into fiscal space? Dynamic Fiscal Impact of the Debt Relief Initiatives on African Heavily Indebted Poor Countries (HIPCs)
Cassimon, Danny; Van Campenhout, Bjorn; Ferry, Marin; … - Université Paris-Dauphine (Paris IX) - 2015
After two debt relief initiatives launched in 1996 (the Heavily Indebted Poor Countries, HIPC Initiative) and in 1999 … (The enhanced HIPC initiative), the G7 decided to go further by cancelling (most of) the remaining multilateral debt for … these HIPC countries through the Multilateral Debt Relief Initiative (MDRI, 2005). Building on earlier literature that tries …
Persistent link: https://www.econbiz.de/10011273984
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The HIPC Initiative: What Affects Duration?
Akoto, William - In: Economics Bulletin 33 (2013) 1, pp. 372-378
factors affecting completion rates in the HIPC debt relief programme. The findings suggest that better economic management …. Countries enrolled in the HIPC programme have an incentive to improve these indicators in order to reach completion point as …
Persistent link: https://www.econbiz.de/10011278663
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The debt-growth nexus in poor countries: a reassessment
Presbitero, Andrea F. - Verein für Socialpolitik, Ausschuss für … - 2006
This paper investigates the relationship between external indebtedness and economic growth, with a particular attention to LICs, for which the theoretical arguments of debt overhang and liquidity constraint have to be reconsidered. The estimation of a growth model, with a panel of 121 developing...
Persistent link: https://www.econbiz.de/10005082704
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The Debt-Growth Nexus in Poor Countries: A Reassessment
Presbitero, Andrea F. - In: Economics - The Open-Access, Open-Assessment E-Journal 2 (2008), pp. 1-28
The paper investigates the relationship between external debt and economic growth, focusing on the role played by the policy and institutional framework. Results for a panel of 114 developing countries show that the debt-growth nexus depends on institutions and policies. The Debt-Laffer curve...
Persistent link: https://www.econbiz.de/10005082979
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The debt-growth nexus in poor countries: a reassessment
Presbitero, Andrea F. - Institut für Weltwirtschaft (IfW) - 2007
This paper investigates the relationship between external indebtedness and economic growth, with a particular attention to LICs, for which the theoretical arguments of debt overhang and liquidity constraint have to be reconsidered. The estimation of a growth model, with a panel of 121 developing...
Persistent link: https://www.econbiz.de/10005083427
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Do countries strategically improve their institutions to access increased debt relief?
Akoto, William - In: Economics Bulletin 33 (2013) 2, pp. 1185-1192
This paper examines how indebted countries have reacted to the recent shift in the global debt relief architecture towards rewarding indebted countries that have ‘superior' institutions with increased debt relief by probing whether there is any empirical evidence to suggest that countries may...
Persistent link: https://www.econbiz.de/10010835982
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The HIPC Initiative and Debt Relief: An Examination of Issues Relevant to Nepal
Bhubanesh Pant Ph.D.; Subedi, Biggyan - Nepal Rastra Bank - 2006
Set up in 1996, the HIPC Initiative's prime goal was to reduce eligible countries' debt burdens to the thresholds … established under the Initiative. In September 1999, the HIPC Initiative was enhanced in order to provide broader, deeper and … to reach the decision point under the Enhanced HIPC Initiative framework. The possible conditions attached to Nepal …
Persistent link: https://www.econbiz.de/10010755777
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The Debt-Growth Nexus: a Dynamic Panel Data Estimation
Presbitero, Andrea Filippo - In: Rivista Italiana degli Economisti 11 (2006) 3, pp. 417-462
This paper investigates the relationship between external debt and economic growth in developing countries. Notwithstanding a general agreement on theory, empirical evidence is not conclusive and lacks of robustness. This contribution aims to shed more light on the relationship between external...
Persistent link: https://www.econbiz.de/10008629877