The effect of external debt on Economic Growth: A panel data analysis on the relationship between external debt and economic growth
Independent thesis Advanced level (degree of Master (One Year)), 20 credits / 30 HE creditsStudent thesis
The impact of external debt on economic growth is a debatable issue between scholars since the onset of the debt crisis in 1980’s. This thesis examines whether external debt affects the economic growth of selected heavily indebted poor African countries through the debt overhang and debt crowding out effect. This is carried out by using data for eight heavily indebted poor African countries between 1991 to 2010.The result from estimation shows that external debt affects economic growth by the debt crowding out effect rather than debt overhang. Moreover, in an attempt to mark out debt servicing history, the thesis found the selected countries are not paying (servicing) more than 95% of their accumulated debt.
Place, publisher, year, edition, pages
2013. , 49 p.
External Debt, Debt overhang, Debt crowding out, debt servicing
IdentifiersURN: urn:nbn:se:sh:diva-20166OAI: oai:DiVA.org:sh-20166DiVA: diva2:664110
Subject / course
2013-04-12, stockholm, 14:00 (English)
UppsokSocial and Behavioural Science, Law