External Debt, Adjustment, and Growth

Delano Villanueva, Roberto Mariano, Diwa C Guinigundo and Abbas Mirakhor

Chapter 9 in Economic Adjustment and Growth:Theory and Practice, 2023, pp 222-249 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The following sections are included:IntroductionThe Formal FrameworkBrief Survey of the LiteratureThe Extended ModelThe Reduced ModelRestrictions on External FinancingOptimal GrowthApplication to the PhilippinesImplications for Fiscal Policy and External Debt ManagementSummary and ConclusionsAppendix 9.A: Stability AnalysisAppendix 9.B: DataDefinitionsData SourcesSample PeriodSoftware UsedReferences

Keywords: Adjustment and Growth; Testing Growth Models; Labor Participation; Human and Intellectual Capital; Finance and Growth; Adaptive Inflationary Expectations; Learning by Doing; Optimal Saving; Sustainable Foreign Debt; Stabilization and Structural Policies; Emerging Economy Case Study (search for similar items in EconPapers)
JEL-codes: E E02 F4 O11 O4 (search for similar items in EconPapers)
Date: 2023
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Related works:
Chapter: External Debt, Adjustment, and Growth (2008)
Chapter: External Debt, Adjustment, and Growth (2007)
Working Paper: External Debt, Adjustment, and Growth (2006)
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