Economics, Econometrics and Finance
4 years ago

Reducing External Debt Could Boost Growth in Low-Income Countries.

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RePEc: Research Papers in Economics
External Debt, Public Investment, and Growth in Low-Income Countries
Toan Quoc Nguyen, Benedict Clements, Rina Bhattacharya

Paper Summary

External debt reduction in low-income countries can lead to increased income growth. By reducing debt service, more funds can be allocated to public investment, further boosting growth.

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