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Do countries strategically improve their institutions to access increased debt relief?

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  • William Akoto

    (Nelson Mandela Metropolitan University)

Abstract

This paper examines how indebted countries have reacted to the recent shift in the global debt relief architecture towards rewarding indebted countries that have ‘superior' institutions with increased debt relief by probing whether there is any empirical evidence to suggest that countries may be taking advantage of this shift. The findings suggest that debtor countries have quickly adapted to the shift by strategically improving in key areas of institutional governance prior to applying for debt relief.

Suggested Citation

  • William Akoto, 2013. "Do countries strategically improve their institutions to access increased debt relief?," Economics Bulletin, AccessEcon, vol. 33(2), pages 1185-1192.
    • Handle: RePEc:ebl:ecbull:eb-13-00157
    as

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    File URL: http://www.accessecon.com/Pubs/EB/2013/Volume33/EB-13-V33-I2-P112.pdf
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    References listed on IDEAS

    as
    1. Graham Bird & Alistair Milne, 2004. "Debt Relief for Low-Income Countries: Is it Effective and Efficient?," Palgrave Macmillan Books, in: International Finance and the Developing Economies, chapter 15, pages 273-288, Palgrave Macmillan.
    2. Alberto Alesina & Beatrice Weder, 2002. "Do Corrupt Governments Receive Less Foreign Aid?," American Economic Review, American Economic Association, vol. 92(4), pages 1126-1137, September.
    3. Michaelowa, Katharina, 2003. "The Political Economy of the Enhanced HIPC-Initiative," Public Choice, Springer, vol. 114(3-4), pages 461-476, March.
    4. Silvia Marchesi & Alessandro Missale, 2004. "What does motivate lending and aid to the HIPCs?," Development Working Papers 189, Centro Studi Luca d'Agliano, University of Milano.
    5. Nicolas Depetris Chauvin & Aart Kraay, 2007. "Who Gets Debt Relief?," Journal of the European Economic Association, MIT Press, vol. 5(2-3), pages 333-342, 04-05.
    6. Asiedu, Elizabeth, 2003. "Debt relief and institutional reform: a focus on Heavily Indebted Poor Countries," The Quarterly Review of Economics and Finance, Elsevier, vol. 43(4), pages 614-626.
    7. World Bank, 2012. "World Development Indicators 2012," World Bank Publications - Books, The World Bank Group, number 6014, December.
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    Cited by:

    1. Andreas FREYTAG & Julian SCHMIED, 2019. "Debt Relief And Good Governance: New Evidence Of Developing Countries For The Period 1990-2013," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 19(1), pages 15-32.

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    More about this item

    Keywords

    Debt Relief; Aid; Institutional Quality; HIPC; Development.;
    All these keywords.

    JEL classification:

    • F3 - International Economics - - International Finance
    • H6 - Public Economics - - National Budget, Deficit, and Debt

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