The impact of external indebtedness on poverty in low-income countries /

The impact of external indebtedness on poverty in low-income countries /

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Bibliographic Details
Author / Creator:	Loko, Boileau, author.
Imprint:	[Washington, D.C.] : International Monetary Fund, ©2003.
Description:	1 online resource (25 pages) : illustrations
Language:	English
Series:	IMF working paper ; WP/03/61 IMF working paper ; WP/03/61.
Subject:	Debts, External -- Developing countries -- Econometric models. Poverty -- Developing countries -- Econometric models. Income -- Developing countries -- Econometric models. Debts, External -- Econometric models. Economic history. Income -- Econometric models. Poverty -- Econometric models. Developing countries -- Economic conditions -- Econometric models. Developing countries.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/13510589

Hidden Bibliographic Details
Other authors / contributors:	Mlachila, Montfort, author. Nallari, Raj, 1955- author. Kalonji, Kadima D., author. International Monetary Fund. Policy Development and Review Department.
ISBN:	1451894961 9781451894967 1281155837 9781281155832
Notes:	Includes bibliographical references (pages 22-25). Restrictions unspecified Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010. Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 digitized 2010 HathiTrust Digital Library committed to preserve Print version record.
Summary:	This paper explores the relationship between external debt and poverty. A number of observers have argued that high external indebtedness is a major cause of poverty. Using the first-differenced general method of moments (GMM) estimator, the paper models the impact of external debt on poverty, measured by life expectancy, infant mortality, and gross primary enrollment rates, while duly taking into account the impact of external debt on income. The paper thus endeavors to bring together the literature that links external debt with income growth and poverty. The main conclusion is that once the effect of income on poverty has been taken into account, external indebtedness indicators have a limited but important impact on poverty.
Other form:	Print version: Impact of external indebtedness on poverty in low-income countries. [Washington, D.C.] : International Monetary Fund, ©2003