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Is external debt an effective way of bringing economic reforms?

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Author Info
Gul, Adnan
Abstract

This paper investigates the adverse effects of external debt on economic performance. In order to cater the issue of errors in mathematical model developed to analyze the correlation, this paper deals by performing a hypothetical analysis on economic growth within a country at different levels of external debt. The analysis is done on all sectors at the same time to ensure maximum accuracy. The paper concludes that debt itself is not an effective way of helping underdeveloped countries. This study adds in finding effective means which will allow underdeveloped countries to get a foothold on the development ladder of economy.

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File URL: http://mpra.ub.uni-muenchen.de/10979/
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 10979.

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Date of creation: 10 Sep 2008
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Handle: RePEc:pra:mprapa:10979

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Related research
Keywords: External Debt; Growth; Pakistan Economy; Debt overhang; Crowding out;

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Find related papers by JEL classification:
F34 - International Economics - - International Finance - - - International Lending and Debt Problems
C12 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: General - - - Hypothesis Testing

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  22. Gupta, Sanjeev & Clements, Benedict & Baldacci, Emanuele & Mulas-Granados, Carlos, 2005. "Fiscal policy, expenditure composition, and growth in low-income countries," Journal of International Money and Finance, Elsevier, vol. 24(3), pages 441-463, April. [Downloadable!] (restricted)
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