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Dette extérieure et croissance économique dans les pays à revenu intermédiaire : Essai empirique
[External Debt and Economic Growth in the Middle-Income Countries :Empirical Test]

Author

Listed:
  • Gharyeni, Abdellatif
  • Jouili, Mustapha

Abstract

This work lists some vulnerabilities in developing economies and proposes assessments that can improve macroeconomic resilience in relation to external financing. To examine the theory of indebtedness and seek a threshold beyond which external debt can slow economic growth, this paper proposes an empirical evaluation for a sample of 17 middle-income countries between 1980 and 2011. The results obtained after regressions on panel data show a non-linear correlation between external debt and growth, with the presence of certain variables selected a priori likely to influence economic activity.

Suggested Citation

  • Gharyeni, Abdellatif & Jouili, Mustapha, 2015. "Dette extérieure et croissance économique dans les pays à revenu intermédiaire : Essai empirique [External Debt and Economic Growth in the Middle-Income Countries :Empirical Test]," MPRA Paper 69122, University Library of Munich, Germany, revised 31 Jan 2016.
    • Handle: RePEc:pra:mprapa:69122
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Macroeconomics; Debt overhang; Economic growth; Development Country; Panel Data Models;
    All these keywords.

    JEL classification:

    • C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes
    • F6 - International Economics - - Economic Impacts of Globalization
    • F62 - International Economics - - Economic Impacts of Globalization - - - Macroeconomic Impacts

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