Debt versus equity in development finance

Ulrich Lächler

No 248, Kiel Working Papers from Kiel Institute for the World Economy

Abstract: This essay aims to provide a theoretical foundation for two widely debated issues in development economics. The first concerns a current controversy associated with the external indebtedness of developing countries. The second relates to a longer standing debate over the effects of foreign capital inflows on domestic savings and growth.

Date: 1985
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ifwkwp:248

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