Advanced Search
MyIDEAS: Login to save this article or follow this journal

Le financement de la croissance par endettement extérieur

Contents:

Author Info

  • Patrick Artus
Registered author(s):

    Abstract

    [fre] Le financement de la croissance par endettement extérieur. . Nous illustrons, à l'aide d'un modèle théorique simple avec générations imbriquées, les risques que peut présenter le financement de l'accumulation de capital par recours à l'investissement étranger ou à l'endettement extérieur. Nous examinons les effets du risque, des possibilités de retrait des investisseurs étrangers, de variations des taux d'intérêt, sur le niveau d'investissement et le bien-être. Nous analysons le danger d'effets pervers passant par le taux de change. Nous regardons finalement si l'évolution économique du Mexique durant les dernières années confirme ou non les enseignements du modèle théorique. [eng] Financing growth by foreign debt. . We illustrate, using a simple theoretical model with overlapping generations, the potential risks associated with the use of foreign investment or of foreign debt to finance growth. We examine the effects of risk, of the possible withdrawal of foreign investors, of changes in interest rates, on the level of investment and on welfare. We analyse if there is a danger of perverse effects channeled by exchange rate changes. We finally compare the economic evolution of Mexico during the recent years and the findings of the theoretical model.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.persee.fr/web/revues/home/prescript/article/reco_0035-2764_1998_num_49_1_409970
    Download Restriction: Data and metadata provided by Persée are licensed under a Creative Commons "Attribution-Noncommercial-Share Alike 3.0" License http://creativecommons.org/licenses/by-nc-sa/3.0/

    File URL: http://www.persee.fr/articleAsPDF/reco_0035-2764_1998_num_49_1_409970/reco_0035-2764_1998_num_49_1_409970.pdf?mode=light
    Download Restriction: Data and metadata provided by Persée are licensed under a Creative Commons "Attribution-Noncommercial-Share Alike 3.0" License http://creativecommons.org/licenses/by-nc-sa/3.0/

    As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

    Bibliographic Info

    Article provided by Programme National Persée in its journal Revue économique.

    Volume (Year): 49 (1998)
    Issue (Month): 1 ()
    Pages: 165-179

    as in new window
    Handle: RePEc:prs:reveco:reco_0035-2764_1998_num_49_1_409970

    Contact details of provider:
    Web page: http://www.persee.fr/web/revues/home/prescript/revue/reco

    Related research

    Keywords:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as in new window

    Cited by:
    1. Sonia Zouari & Faouzi Sboui, 2004. "Investissements directs étrangers et processus de désendettement dans le contexte de mondialisation : le cas de la Tunisie," Documents de travail 98, Groupe d'Economie du Développement de l'Université Montesquieu Bordeaux IV.

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:prs:reveco:reco_0035-2764_1998_num_49_1_409970. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Equipe PERSEE).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.