Foreign Indebtedness and Economic Growth: Is there a Limit to Foreign Financing?

Armin Gutowski
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Armin Gutowski: Hamburg Institute For International Economics

Chapter 13 in Financing Problems of Developing Countries, 1985, pp 249-267 from Palgrave Macmillan

Abstract: Abstract The capacity of a country to incur debts depends, as it does for a private enterprise, on whether or not it has at its disposal profitable investment opportunities which could at least meet the interest rate demanded on the international capital market. It is obvious that the country will only then receive a loan if potential creditors are convinced that such investment opportunities exist.

Keywords: Capital Stock; Marginal Productivity; Capital Good; Foreign Capital; International Capital Market (search for similar items in EconPapers)
Date: 1985
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DOI: 10.1007/978-1-349-06749-7_13

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