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Debt Relief, Investment and Growth

Johansson, Pernilla LU (2010) In World Development 38(9). p.1204-1216
Abstract
From 1989 to 2004 the donor community provided approximately $400 billion in debt relief to developing countries in an attempt to promote growth and reduce poverty. Using a sample of 118 developing countries, this paper empirically assesses the impact of debt relief on growth via (1) resources made available for investment from reduced debt service payments and (2)improved incentives to invest from a reduced debt stock. Although the results show no general evidence of a growth effect from debt relief, the study provides certain evidence that it promotes investment and thereby growth in countries not classified as HIPCs.
Please use this url to cite or link to this publication:
author
organization
publishing date
type
Contribution to journal
publication status
published
subject
keywords
developing countries, investment, Debt relief, growth, HIPC.
in
World Development
volume
38
issue
9
pages
1204 - 1216
publisher
Elsevier
external identifiers
  • wos:000281626500002
  • scopus:77955664130
ISSN
1873-5991
DOI
10.1016/j.worlddev.2009.11.021
language
English
LU publication?
yes
id
20ccf0c5-3608-45bd-b472-3adb8fd7abd9 (old id 1537853)
alternative location
http://swopec.hhs.se/lunewp/abs/lunewp2008_011.htm
date added to LUP
2010-04-29 13:28:25
date last changed
2018-06-10 03:06:48
@article{20ccf0c5-3608-45bd-b472-3adb8fd7abd9,
  abstract     = {From 1989 to 2004 the donor community provided approximately $400 billion in debt relief to developing countries in an attempt to promote growth and reduce poverty. Using a sample of 118 developing countries, this paper empirically assesses the impact of debt relief on growth via (1) resources made available for investment from reduced debt service payments and (2)improved incentives to invest from a reduced debt stock. Although the results show no general evidence of a growth effect from debt relief, the study provides certain evidence that it promotes investment and thereby growth in countries not classified as HIPCs.},
  author       = {Johansson, Pernilla},
  issn         = {1873-5991},
  keyword      = {developing countries,investment,Debt relief,growth,HIPC.},
  language     = {eng},
  number       = {9},
  pages        = {1204--1216},
  publisher    = {Elsevier},
  series       = {World Development},
  title        = {Debt Relief, Investment and Growth},
  url          = {http://dx.doi.org/10.1016/j.worlddev.2009.11.021},
  volume       = {38},
  year         = {2010},
}