EconPapers    
Economics at your fingertips  
 

Empirical Perspectives on Long-Term External Debt

Philip Lane

The B.E. Journal of Macroeconomics, 2004, vol. 4, issue 1, 23

Abstract: In this paper, we paint a statistical portrait of the determination of external debt for a set of low- and middle-income countries. The goal is to facilitate thinking about the role played by international capital flows in the development process. Empirically, we find that external debt is strongly increasing in the level of initial output. This remains true even when we control for variation in productivity and creditworthiness. More open economies also are found to have higher debt levels.

Keywords: external debt; repudiation; productivity (search for similar items in EconPapers)
Date: 2004
References: View complete reference list from CitEc
Citations: View citations in EconPapers (52)

Downloads: (external link)
https://doi.org/10.2202/1534-5998.1152 (text/html)
For access to full text, subscription to the journal or payment for the individual article is required.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bpj:bejmac:v:topics.4:y:2004:i:1:n:1

Ordering information: This journal article can be ordered from
https://www.degruyter.com/journal/key/bejm/html

DOI: 10.2202/1534-5998.1152

Access Statistics for this article

The B.E. Journal of Macroeconomics is currently edited by Arpad Abraham and Tiago Cavalcanti

More articles in The B.E. Journal of Macroeconomics from De Gruyter
Bibliographic data for series maintained by Peter Golla ().

 
Page updated 2025-03-19
Handle: RePEc:bpj:bejmac:v:topics.4:y:2004:i:1:n:1