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Developing countries are the least to blame for the outbreak of the nancial crisis, but they are destined to suer the most dramatic and long-lasting consequences. This chapter focuses on the early responses of the International Monetary Fund to the present crisis in low- and middle-income...
Persistent link: https://www.econbiz.de/10008515080
makers and academics on the growth effects of large public debts. Recent empirical studies investigate the impact of public … debt on growth in advanced and emerging countries. This paper aims at complementing the existing evidence focusing on … over the period 1990-2007 show that public debt has a negative impact on output growth up to a threshold of 90 percent of …
Persistent link: https://www.econbiz.de/10008690122
This paper uses an instrumental variable approach to study whether public debt has a causal effect on economic growth … correlation between debt and growth. However, the link between debt and growth disappears once we instrument debt with a variable …
Persistent link: https://www.econbiz.de/10010895530
growth and poverty reduction, but also on intermediate outcomes such as health and education. This paper reviews evidence … from recent in-depth country work on the impact of government policies and service provision in health and basic education …
Persistent link: https://www.econbiz.de/10010319914
disasters on a panel of 113 countries and its relationship with economic growth using data ranging from 1960 to 1996. The … rate of GDP growth in the period between 1960 and 1996. These effects range from a decrease of 0.9% to an increase of 0 …
Persistent link: https://www.econbiz.de/10005014523
effect on economic growth rates in developing countries. The major initiatives during that time period were negotiated as … World Bank and the International Monetary Fund. I find that, on average, debt relief had no effect on growth rates of … developing countries. However, the effect on growth rates differed for different subsets of developing countries. I find that …
Persistent link: https://www.econbiz.de/10005800462
(such as aid with economic growth) may have very large and statistically significant estimated parameters in multiple … applied on the "Botswana outliers driven" Burnside and Dollar [2000] article which found that aid had an effect on growth only …
Persistent link: https://www.econbiz.de/10010593070
This paper assesses the foreign aid-led growth hypothesis in a panel of West African countries using panel … and growth in the whole panel. For the individual countries, at least one test showed evidence of this long run … of causality between foreign aid and economic growth. There is evidence of unidirectional causality from foreign aid to …
Persistent link: https://www.econbiz.de/10011113918
have had a significant effect on economic growth rates in developing countries in general. The major initiatives during … “enhanced” version in 1999. I find that, on average, debt relief has no effect on growth rates of developing countries. The … second question I address in this paper is whether the effect on growth rates was different for different subsets of …
Persistent link: https://www.econbiz.de/10005556628
: the economic growth, the public social expenditures, and the macroeconomic stabilizing impact, interrelated with the two …
Persistent link: https://www.econbiz.de/10011187603