The effects of debt dependence on economic growth in less-developed countries, 1990-2019.
Soc Sci Res
; 117: 102943, 2024 01.
Article
em En
| MEDLINE
| ID: mdl-38049209
ABSTRACT
Recent years have witnessed a dramatic increase in debt servicing for developing countries. Drawing on the theoretical insights of dependency theory, I investigate the relationship between debt dependence and economic growth in less-developed countries. Results from two-way fixed effects estimation of an expansive country-level dataset on 103 less-developed countries from 1990 to 2019 indicate that debt dependence exerts a harmful effect on economic growth, net of relevant statistical controls. I conclude by discussing the theoretical and policy implications of the empirical analyses.
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Texto completo:
1
Base de dados:
MEDLINE
Assunto principal:
Desenvolvimento Econômico
/
Países em Desenvolvimento
Limite:
Humans
Idioma:
En
Ano de publicação:
2024
Tipo de documento:
Article