Debt Relief and Growth: A Study of Zambia and Tanzania

Arne Bigsten (), Jörgen Levin and Håkan Persson

No DP2001-104, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: This paper discusses some issues on how to evaluate the impact of HIPC debt relief in the cases of Tanzania and Zambia using two computable general equilibrium models. Within our relatively simple model framework, we found that the macroeconomic impact of debt relief is modest. One reason for this relatively modest impact is that the annual injection of additional resources relative to current actual debt service is small in both cases, which implies that the impact of debt relief per se would be expected to be modest.

Keywords: Public debt; Macroeconomics; Productivity; Public investments (search for similar items in EconPapers)
Date: 2001
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Citations: View citations in EconPapers (9)

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