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Explaining the Enhanced HIPC Initiative: A Response to Michaelowa (2003)

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  • Peter Hjertholm

Abstract

Michaelowa (2003, 2002) proposes a political-economy model to explain the re-design of the Heavily Indebted Poor Country (HIPC) debt reliefinitiative in 1999. The principal assumption justifying the adoption of thisalternative approach is an alleged paucity, if not non-existence, of applied economic research on sustainable debt levels. This note challenges that assumption. Copyright Kluwer Academic Publishers 2004

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  • Peter Hjertholm, 2004. "Explaining the Enhanced HIPC Initiative: A Response to Michaelowa (2003)," Public Choice, Springer, vol. 121(3), pages 481-483, February.
    • Handle: RePEc:kap:pubcho:v:121:y:2004:i:3:p:481-483
    DOI: 10.1007/s11127-004-3285-3
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    References listed on IDEAS

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    1. Daniel Cohen (ed.), 1998. "Contemporary Economic Issues," International Economic Association Series, Palgrave Macmillan, number 978-1-349-26084-3, December.
    2. Michaelowa, Katharina, 2003. "The Political Economy of the Enhanced HIPC-Initiative," Public Choice, Springer, vol. 114(3-4), pages 461-476, March.
    3. Madhur Gautam, 2003. "Debt Relief for the Poorest : An OED Review of the HIPC Initiative," World Bank Publications - Books, The World Bank Group, number 15164, December.
    4. Catherine Pattillo & Hélène Poirson & Luca Antonio Ricci, 2011. "External Debt and Growth," Review of Economics and Institutions, Università di Perugia, vol. 2(3).
    5. Peter Hjertholm, 2003. "Theoretical and empirical foundations of HIPC debt sustainability targets," Journal of Development Studies, Taylor & Francis Journals, vol. 39(6), pages 67-100.
    6. Daniel Cohen, 1998. "The Sustainability of African Debt," International Economic Association Series, in: Daniel Cohen (ed.), Contemporary Economic Issues, chapter 7, pages 160-181, Palgrave Macmillan.
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