The Effect of External Debt on Economic Growth in Developing Countries (eBook)

Owen Adams (Autor)

eBook Download: PDF

2023 | 1. Auflage
10 Seiten
GRIN Verlag
978-3-346-92398-1 (ISBN)

Infos

Essay from the year 2022 in the subject Business economics - Economic Policy, grade: 5.0, , language: English, abstract: This paper examines the impact of external public debt on the economic growth of developing countries. It delves into the dynamics of borrowing, debt service, and their effects on long-term economic development. The study analyzes established economic growth theories, including the neoclassical and endogenous growth models, to understand the intricate relationships between investment, technology, and labor that shape a nation's economic trajectory. It further explores the implications of debt through liquidity constraint and debt overhang theories, highlighting the potential crowding-out effect and diminished local resources for development due to debt service obligations.

Produkt-Details

• Erscheint lt. Verlag: 18.8.2023
• Verlagsort: München
• Sprache: englisch
• Themenwelt: Sozialwissenschaften ► Politik / Verwaltung
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre
• Schlagworte: Countries • debt • Developing • economic • effect • External • growth
• ISBN-10: 3-346-92398-3 / 3346923983
• ISBN-13: 978-3-346-92398-1 / 9783346923981