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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 … countries through the Multilateral Debt Relief Initiative (MDRI, 2005). A few papers tried to assess the desired fiscal response …
Persistent link: https://www.econbiz.de/10010861386
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Dynamic fiscal impact of the debt relief initiatives on african heavily indebted poor countries (HIPCs)
Cassimon, Danny; Ferry, Marin; Raffinot, Marc; … - DIAL - 2013
these HIPC countries through the Multilateral Debt Relief Initiative (MDRI, 2005). A few papers tried to assess the desired …(english) 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 …
Persistent link: https://www.econbiz.de/10010822507
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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; … - In: International economics : a journal published by CEPII … 144 (2015), pp. 29-52
Persistent link: https://www.econbiz.de/10011525390
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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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Investing in Electricity, Growth, and Debt Sustainability : The Case of Lesotho
Andreolli, Michele - 2016
This paper analyses a large public investment in a construction of a hydropower plant in Lesotho and its implications on the growth and debt sustainability. The paper employs an open economy dynamic general equilibrium model to assess the benefits of a large public investment through...
Persistent link: https://www.econbiz.de/10012977843
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Collect More, Spend Better : Public Investment in Asian Frontier Markets
Ghazanchyan, Manuk - 2017
We use a dynamic small open economy model to explore the macroeconomic impact of alternative public investment scaling-up scenarios, analyzing how improving the efficiency of capital spending and of tax revenue collection affect growth and debt sustainability for three fast-growing Southeast...
Persistent link: https://www.econbiz.de/10012962142
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On the impact of external debt and aid on public expenditure allocation in sub-Saharan Africa after the launch of the HIPC initiative
Quattri, Maria; Fosu, Kwasi - 2012
substantially lower than existing estimates for the pre-HIPC period, remains negative for the social sector, with education …
Persistent link: https://www.econbiz.de/10010330136
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Public Investment, Growth, and Debt Sustainability : Putting Together the Pieces
Buffie, Edward F. - 2012
We develop a model to study the macroeconomic effects of public investment surges in low-income countries, making explicit: (i) the investment-growth linkages; (ii) public external and domestic debt accumulation; (iii) the fiscal policy reactions necessary to ensure debt-sustainability; and (iv)...
Persistent link: https://www.econbiz.de/10013102262
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The debt-growth nexus in poor countries: a reassessment
Presbitero, Andrea F. - 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/10010295225
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The debt-growth nexus in poor countries: a reassessment
Presbitero, Andrea F. - 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/10010296007