Do Governments in Developing Countries Pursue Sustainable Debt Policies? Empirical Evidence for Selected Countries in Africa and Latin America.
In this paper we test for sustainability of public debt in selected low- and middle-income developing countries of Africa and Latin-America. We do this by analysing how the primary surplus to GDP reacts to variations in the debt to GDP ratio where we allow for a time-varying reaction coefficient. Mo...
| Publicado en: | Journal of Development Studies Vol. 46; no. 4; pp. 745 - 771 |
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| Autores principales: | , |
| Formato: | Artículo |
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Taylor & Francis Ltd
Apr2010
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=hlh&AN=50442273&site=ehost-live header: @attributes: shortDbName: hlh uiTerm: 50442273 longDbName: Humanities International Complete uiTag: AN controlInfo: bkinfo: jinfo: jid: 00220388 JDS jtl: Journal of Development Studies issn: 00220388 maglogo: N pubinfo: dt: Apr2010 vid: 46 iid: 4 pid: 377 pub: Taylor & Francis Ltd artinfo: ui: 50442273 10.1080/00220380903012698 ppf: 745 ppct: 26 formats: fmt: – @attributes: type: T – @attributes: type: P size: 975KB tig: atl: Do Governments in Developing Countries Pursue Sustainable Debt Policies? Empirical Evidence for Selected Countries in Africa and Latin America. aug: au: Fincke, Bettina Greiner, Alfred affil: Department of Business Administration and Economics, Bielefeld University, Bielefeld, Germany su: Public debts Economic policy Gross domestic product Budget deficits Africa Latin America sug: subj: Africa Latin America Public debts Economic policy Gross domestic product Budget deficits ab: In this paper we test for sustainability of public debt in selected low- and middle-income developing countries of Africa and Latin-America. We do this by analysing how the primary surplus to GDP reacts to variations in the debt to GDP ratio where we allow for a time-varying reaction coefficient. Moreover, we test for stationarity of the overall budget deficit of the selected countries. The results show that, despite rising debt ratios, there is empirical evidence for some of the countries that public debt is sustainable, independent of whether they belong to the low-income or middle-income group of countries. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: Y custom: Copyright of Journal of Development Studies is the property of Taylor & Francis Ltd and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. item: Journal of Development Studies holder: Taylor & Francis Ltd dt: @attributes: year: 2010 holdings: @attributes: islocal: N |
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