Changyong, Xuan; Jun, Sun; Chen, Yan - In: Journal of Chinese Economic and Foreign Trade Studies 5 (2012) 2, pp. 157-167
Purpose – The purpose of this paper is to examine the relationship between foreign debt, economic growth and economic crisis. Design/methodology/approach – This paper constructs a Ramsey‐Cass‐Koopmans model theoretically and examines empirically the relationship between foreign debt,...