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Indebitamento internazionale degli HIPC: da problema economico a problema politico

Author

Listed:
  • Paolo Palazzi

    (Universitˆ degli Studi di Roma La Sapienza, Dipartimento di Scienze Economiche, Roma)

Abstract

This paper analyzes the dynamic of the international debt of Heavily Indebted Poor Countries (HIPC), along with the socio-economic development. The structure of the paper is the following: a) the first part of the paper analyzes the dynamic of the structure of debt and socio-economic development (using 14 variables) of 34 HIPC during the period 198797, using a multi statistical analysis; b) the second part analyzes the relation between economic development and the structure of debt (period 1971-1998) for three benchmark countries (Niger, Bolivia and Tanzania); c) in the final part, employing a cross section analysis, the paper verifies the relation between one social indicator (life expectancy) and the international debt structure for the 34 HIPC. The main finding of the paper is that social and economic development is positively related to the debt stock, and it has a negative relation with the interest export ratio. Thus for the HIPC a reduction in debt service would be a better strategy than reducing the debt stock.

Suggested Citation

  • Paolo Palazzi, 2002. "Indebitamento internazionale degli HIPC: da problema economico a problema politico," Moneta e Credito, Economia civile, vol. 55(218), pages 165-195.
    • Handle: RePEc:psl:moneta:2002:23
    as

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    File URL: http://ojs.uniroma1.it/index.php/monetaecredito/article/view/9789/9674
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    References listed on IDEAS

    as
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    2. Bulow, Jeremy & Rogoff, Kenneth, 1990. "Cleaning Up Third World Debt without Getting Taken to the Cleaners," Journal of Economic Perspectives, American Economic Association, vol. 4(1), pages 31-42, Winter.
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    More about this item

    Keywords

    Debt; Development; International Debt;
    All these keywords.

    JEL classification:

    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations

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