Theoretical Aspects of Growth in Developing Countries: External Debt Dynamics and the Role of Human Capital

International Monetary Fund

No 1988/054, IMF Working Papers from International Monetary Fund

Abstract: This paper formulates a simple aggregate growth model that is capable of assessing the impact of macroeconomic policies on the long-term performance of a developing country. The model emphasizes expenditures on human capital and the dynamics of external debt, and yields empirically testable hypotheses on the relative importance of various determinants of long-term growth performance. The analytical results suggest a number of implications that are relevant to the design of growth-oriented adjustment programs.

Keywords: WP; risk premium; debt ratio; cost of capital (search for similar items in EconPapers)
Pages: 46
Date: 1988-01-01
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=30189 (application/pdf)

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:imf:imfwpa:1988/054

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Working Papers from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().