This paper investigates the channels through which debt has an impact on the GDP growth rate of a debtor country. Literature suggests that debt can effect growth via numerous channels such as physical investment sue to debt-overhang; human capital as government has to allocate more of its limited funds to debt-servicing rather than investing in peoples’ health and education.
|Publication status||Published - 2010|
- Debt Overhang
- debt growth channels
- developing countries' debt