The link between a simple aggregate model of growth and external debt, and an empirical formula for debt servicing capacity are examined. While fairly detailed development plans are designed for the medium-terms, the period of indebtedness and the buildup of debt service problems are of a longer time span. Thus, simple development models should be designed to cover the period beyond the medium run. While they might consequently become cruder, they...
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INFORMATION
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1980/04/30
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Article de revue
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REP146
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1
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1
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2010/07/10
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Disclosed
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Economic growth, foreign loans, and debt servicing capacity of developing countries
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export growth rate