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Debt versus equity in development finance

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  • Lächler, Ulrich

Abstract

This essay aims to provide a theoretical foundation for two widely debated issues in development economics. The first concerns a current controversy associated with the external indebtedness of developing countries. The second relates to a longer standing debate over the effects of foreign capital inflows on domestic savings and growth.

Suggested Citation

  • Lächler, Ulrich, 1985. "Debt versus equity in development finance," Kiel Working Papers 248, Kiel Institute for the World Economy (IfW Kiel).
    • Handle: RePEc:zbw:ifwkwp:248
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    Cited by:

    1. Ulrich Lächler & Peter Nunnenkamp, 1987. "The effects of debt versus equity inflows on savings and growth in developing economies," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 123(4), pages 631-650, December.
    2. Schweickert, Rainer, 1989. "Government regulations, external financing, and economic performance: the case of Korea," Kiel Working Papers 352, Kiel Institute for the World Economy (IfW Kiel).
    3. Nunnenkamp, Peter, 1989. "Bank lending to developing countries in the 1980s: an empirical test of major hypotheses on voluntary and involuntary lending," Kiel Working Papers 354, Kiel Institute for the World Economy (IfW Kiel).
    4. Corsepius, Uwe, 1988. "Government regulations, external financing and economic performance: The case of Mexico," Kiel Working Papers 345, Kiel Institute for the World Economy (IfW Kiel).
    5. Nunnenkamp, Peter, 1989. "The structure of external financing in Malaysia: the policy framework for foreign direct investment and debt inflows," Kiel Working Papers 368, Kiel Institute for the World Economy (IfW Kiel).
    6. Corsepius, Uwe & Nunnenkamp, Peter & Schweickert, Rainer, 1989. "Debt versus equity finance in developing countries: An empirical analysis of the agent-principal model of internat. capital transfers," Open Access Publications from Kiel Institute for the World Economy 328, Kiel Institute for the World Economy (IfW Kiel).
    7. Corsepius, Uwe, 1988. "Government regulations, external financing, and economic performance: The case of Chile," Kiel Working Papers 336, Kiel Institute for the World Economy (IfW Kiel).
    8. Nunnenkamp, Peter & Funke, Norbert & Schweickert, Rainer, 1992. "International capital flows: recent developments, major determinants, and the position of Brazil in worldwide competition for foreign capital," Kiel Working Papers 509, Kiel Institute for the World Economy (IfW Kiel).
    9. Picht, Hartmut & Stüven, Volker, 1988. "Selective and unspecific expropriation of foreign direct investments: Empirical evidence and implications for the debt crisis," Kiel Working Papers 344, Kiel Institute for the World Economy (IfW Kiel).

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