The Effect of External Debt on Economic Growth in Developing Countries


Essay, 2022

10 Pages, Grade: 5.0

Owen Adams (Author)


Abstract or Introduction

This paper examines the impact of external public debt on the economic growth of developing countries. It delves into the dynamics of borrowing, debt service, and their effects on long-term economic development. The study analyzes established economic growth theories, including the neoclassical and endogenous growth models, to understand the intricate relationships between investment, technology, and labor that shape a nation's economic trajectory. It further explores the implications of debt through liquidity constraint and debt overhang theories, highlighting the potential crowding-out effect and diminished local resources for development due to debt service obligations.

Details

Title
The Effect of External Debt on Economic Growth in Developing Countries
Grade
5.0
Author
Year
2022
Pages
10
Catalog Number
V1381449
ISBN (eBook)
9783346923981
Language
English
Keywords
effect, external, debt, economic, growth, developing, countries
Quote paper
Owen Adams (Author), 2022, The Effect of External Debt on Economic Growth in Developing Countries, Munich, GRIN Verlag, https://www.grin.com/document/1381449

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