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Determinants of Government and External Debt: Evidence from the Young Democracies of South America

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  • Manoel Bittencourt

Abstract

We investigate in this paper what are the main determinants of government and external debt in South America. Our sample purposely includes all nine South American countries that re-democratised in the last thirty years or so, and the data cover the period 1970-2007. The results, based on principal component and dynamic panel (time-series) data analyses […]

Suggested Citation

  • Manoel Bittencourt, 2013. "Determinants of Government and External Debt: Evidence from the Young Democracies of South America," Working Papers 341, Economic Research Southern Africa.
    • Handle: RePEc:rza:wpaper:341
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    More about this item

    Keywords

    Democracy; Other Macroeconomic Variables;

    JEL classification:

    • H60 - Public Economics - - National Budget, Deficit, and Debt - - - General
    • N16 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Latin America; Caribbean
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean

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