Dette extérieure et croissance économique dans les pays à revenu intermédiaire: Essai empirique

External Debt and Economic Growth in the Middle-Income Countries:Empirical Test

Abdellatif Gharyeni and Mustapha Jouili

MPRA Paper from University Library of Munich, Germany

Abstract: This work lists some vulnerabilities in developing economies and proposes assessments that can improve macroeconomic resilience in relation to external financing. To examine the theory of indebtedness and seek a threshold beyond which external debt can slow economic growth, this paper proposes an empirical evaluation for a sample of 17 middle-income countries between 1980 and 2011. The results obtained after regressions on panel data show a non-linear correlation between external debt and growth, with the presence of certain variables selected a priori likely to influence economic activity.

Keywords: Macroeconomics; Debt overhang; Economic growth; Development Country; Panel Data Models (search for similar items in EconPapers)
JEL-codes: C82 E6 E65 F6 F62 (search for similar items in EconPapers)
Date: 2015-03-16, Revised 2016-01-31
New Economics Papers: this item is included in nep-mac
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https://mpra.ub.uni-muenchen.de/69122/1/MPRA_paper_69122.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/69122/9/MPRA_paper_69122.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/101578/1/MPRA_paper_101578.pdf revised version (application/pdf)

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