External Debt and Growth in Developing Countries: A Sensitivity and Causal Analysis

Abdur Chowdhury ()

No DP2001-95, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: The paper aims to enhance the existing literature on the debt-growth nexus by analysing the relationship in two separate country groups using the extreme bounds analysis for sensitivity tests and the mixed, fixed, and random coefficient approach that allows for heterogeneity in the causal relationship between debt and growth. Irrespective of the debt measure used, the results are robust across the two country groups—HIPC and non-HIPC—as well as two different testing procedures.

Keywords: Public debt; Economic assistance and foreign aid; Econometric models (Economic development); Macroeconomics (search for similar items in EconPapers)
Date: 2001
References: Add references at CitEc
Citations: View citations in EconPapers (44)

Downloads: (external link)
https://www.wider.unu.edu/sites/default/files/dp2001-95.pdf (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:unu:wpaper:dp2001-95

Access Statistics for this paper

More papers in WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER) Contact information at EDIRC.
Bibliographic data for series maintained by Siméon Rapin ().