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| Titel: |
A CRITICAL REVIEW OF EXTERNAL DEBT AND ECONOMIC GROWTH RELATIONSHIP: A LESSON FOR INDEBTEDNESS COUNTRIES |
| Auteur: |
Erdal KARAGÖL |
| Verschenen in: |
Ege akademik bakis |
| Paginering: | Jaargang 4 (2004) nr. 1-2 pagina's 73-82 |
| Jaar: |
2004 |
| Inhoud: |
The purpose of this paper is to review existingempirical studies of external debt and economicgrowth relationship. The decline in investment andgrowth performance of the highly indebtedcountries in the past three decades is frequentlyattributed, at least to some extent, to the burden oftheir foreign debt, a phenomenon which has beenrecognised as debt overhang. Empirical resultsindicate that it is difficult to say whether externaldebt has a negative or positive effect on economicgrowth. It is also improper to make any type ofgeneralizations of the potential relationshipbetween economic growth and external debt. Thus,it is necessary to consider the case of each countryseparately. |
| Uitgever: |
Ege University, Faculty of Economics and Administrative Sciences (provided by DOAJ) |
| Bronbestand: |
Elektronische Wetenschappelijke Tijdschriften |
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