6,760
Views
19
CrossRef citations to date
0
Altmetric
Articles

Public debt and pro-poor economic growth evidence from South Asian countries

Pages 746-757 | Received 26 Jun 2013, Accepted 05 Feb 2016, Published online: 14 Jul 2016

References

  • Abbas, S. M. (2007) Public Domestic Debt and Growth in LICs ( Draft doctoral thesis). University of Oxford, Oxford. Retrieved from http://users.ox.ac.uk/~hert1734/Public%20domestic%20debt%20and%20growth.pdf
  • Afxentiou, P., & Serletis, A. (1996). Foreign indebtedness in low and middle income developing countries. Social and Economic Studies, 133–159.
  • Akram, N. (2011). Impact of public debt on the economic growth of Pakistan. Pakistan Development Review, 50, 599–615.
  • Baltagi, B. H. (2005). Econometric Analysis of Panel Data (3rd ed.). West Sussex: John Wiley & Sons.
  • Barajas, S., & Salazar, N. (1999). Interest spreads in banking in Colombia. IMF Staff Papers, 46, 196–224.
  • Barajas, S., & Salazar, N. (2000). The impact of liberalization and foreign investment in Colombia's financial sector. Journal of Development Economics, 157–196.10.1016/S0304-3878(00)00104-8
  • Befekadu, D. (2001). Ethiopia’s external debt: The impact and the way forward. Canadian Journal of Development Studies, 22, 377–416.
  • Blejer, M. I., & Guerrero, I. (1990). The impact of macroeconomic policies on income distribution: An empirical study of the Philippines. The Review of Economics and Statistics, 72, 414–423.10.2307/2109349
  • Burnside, C., & Dollar, D. (2000). Aid, policies, and growth. American Economic Review, 847–868.10.1257/aer.90.4.847
  • Chen, S., & Ravallion, M. (1997). What can new survey data tell us about recent changes in distribution and poverty? World Bank Economic Review, 11, 357–382.
  • Chen, S., & Ravallion, M. (2001). Measuring Pro-Poor Growth. Washington Dc: The World Bank.
  • Chenery, H. (1974). Redistribution with growth. Oxford: Oxford University Press.
  • Chowdhury, A. R. (2001). External debt and growth in developing countries; a sensitivity and causal analysis ( Discussion Paper No. 2001/95): WIDER
  • Clements, B., Bhattacharya, R., & Nguyen, T. Q. (2003). External debt, public investment, and growth in low-income countries ( Working Paper No. 03/249): IMF.
  • Cohen, D. (1993). Low investment and large lcd debt in the 1980’s. The American Economic Review, 83, 437–449.
  • Cohen, D. (1996). The sustainability of African debt ( Working Paper No 1621): Wold Bank Policy Research.
  • Cunningham, R. T. (1993). The effects of debt burden on economic growth in heavily indebted nations. Journal of Economic Development, 115–126.
  • Dellas, H., & Galor, O. (1992). Growth via external public debt and capital controls. International Economic Review, 33, 269–281.10.2307/2526894
  • Dollar, D., & Kraay, A. (2003). Growth is good for the poor ( Working Paper 2587): World Bank.
  • Eaton, J. (1993). Sovereign debt: A primer. The World Bank Economic Review, 7, 137–172.10.1093/wber/7.2.137
  • Elbadawi, I. A., Benno, J. N., & Njuguna, N. U. (1999). Debt overhang and economic growth in Sub-Saharan Africa. Chapter 5. In Iqbal Zubair & Ravi Kanbur (Eds.), External Finance for Low-Income Countries, pp. 49–76. Washington, DC: IMF Institute.
  • Enders, W. (2004). Applied Econometrics: Time Series. New Jersey: John Wiley & Sons.
  • Fosu, A. K. (1996). The impact of external debt on economic growth in Sub-Saharan Africa. Journal of Economic Development, 93–118.
  • Fosu, A. K. (1999). The external debt burden and economic growth in the 1980s: Evidence from Sub-Saharan Africa. Canadian Journal of Development Studies/Revue canadienne d'études du développement, 307–318.10.1080/02255189.1999.9669833
  • Fosu, A. K. (2007). The external debt-servicing constraint and public expenditure composition ( Research Paper No. 2007/36): WIDER.
  • Hansen, H. (2002).The impact of aid and external debt on growth and investment ( Research Paper No. 2/26): CREDIT.
  • Haque, N. U, & Nayab, D. (2007). Renew Cities to be the Engine of the Growth. Islamabad: PIDE policy view point.
  • Haris, R., & Todaro, M. P. (1970). Migration, unemployment and development: A two sector analysis. American Economic Review, 126–142.
  • Hoogvelt, A. (1990). Debt and indebtedness: The dynamics of third world poverty. Review of African Political Economy, 47, 117–127.10.1080/03056249008703852
  • Kakwani, N., & Pernia, E. M. (2000). What is pro-poor growth? Asian Development Review, 18, 1–16.
  • Karagol, E. (2002). The causality analysis of external debt service and GNP. The Case of Turkey”, Central Bank Review, 39–64.
  • Klasen, S. (2007). Economic growth and poverty reduction: Measurement issues using income and non-income indicators. World Development, 36, 420–445.
  • Krueger, A. O. (1987). Debt and LDC growth. American Economic Review, 159–164.
  • Krugman, P. (1988). Financing vs forgiving a debt overhang. Journal of Development Economics, 29, 253–268.10.1016/0304-3878(88)90044-2
  • Levy, A., & Chowdhury, K. (1993). An integrative analysis of external debt, capital accumulation and production in Latin America, Asia-Pacific and Sub-Saharan Africa. Journal of Economics and Finance, 17, 105–119.10.1007/BF02920034
  • Lin, S., & Sosin, K. (2001). Foreign debt and economic growth. The Economics of Transition, 9, 635–655.10.1111/ecot.2001.9.issue-3
  • Loko, B., Mlachila, M., Nallari, R., &Kalonji, K. (2003). The impact of external indebtedness on poverty in low-income countries ( working paper No. 3/06): IMF.
  • Lucas, R. E., Jr (1988). On the mechanics of economic development. Journal of Monetary Economics, 3–42.10.1016/0304-3932(88)90168-7
  • Lundberg, L., & Lyn, S. (1999). Inequality and Growth: Lessons for Policy. Washington, DC: WB. Mimeo.
  • Mahdavi, S. (2004). Shifts in the composition of government spending in response to external debt burden. World Development, 32, 1139–1157.10.1016/j.worlddev.2004.01.011
  • Mankiw, N. G., Romer, D., & Weil, D. N. (1992). A contribution to the empirics of economic growth. The Quarterly Journal of Economics, 107, 407–437.10.2307/2118477
  • Murray, M. P. (2006). Avoiding invalid instruments and coping with weak instruments. Journal of Economic Perspectives, 20, 111–132.10.1257/jep.20.4.111
  • Nafziger, W. (2006). Economic Development (4th ed.). Cambridge: Cambridge University Press.
  • Naqvi, S. N. H. (1996). The significance development economics. World Development, 24, 975–987.10.1016/0305-750X(96)00024-1
  • OECD (2001). Rising to the global challenge: Partnership for reducing world poverty. Statement by the DACs high-level meeting, Paris, 25–26 April 2001.
  • Page, J. (2006). Strategies for pro-poor growth: Pro-poor, pro-growth or both? Journal of African Economies, 15, 510–542.10.1093/jae/ejk009
  • Pattillo, C., Poirson, H., & Ricci, R. (2002). External debt and growth ( Working Paper, No. 02/69): IMF.
  • Pattillo, C., Poirson, H., & Ricci, R. (2004). What are the channels through which external debt affects growth? ( Working Paper, No. 04/15): IMF.
  • Pogge, T. W., & Reddy, S. G. (2002). How not to count the poor. Retrieved from: www.socialanalysis.org.
  • Prechel, H. (1985). The effects of exports, public debt, and development on income inequality. The Sociological Quarterly, 26, 213–234.10.1111/tsq.1985.26.issue-2
  • Ravallion, M. (2004). Pro-poor growth: a primer ( Working Paper Series No 3242): World Bank.
  • Sachs, J. D. (1990). A strategy for efficient debt reduction. The Journal of Economic Perspectives, 4, 19–30.
  • Sawada, Y. (1994). Are the heavily indebted countries solvent? tests of inter temporal borrowing constraints. Journal of Development Economics, 325–337.10.1016/0304-3878(94)90036-1
  • Siddiqui, R., & Malik, A. (2001). Debt and economic growth in South Asia. The Pakistan Development Review, 40, 677–688.
  • Smyth, D., & Hsing, Y. (1995). In search of an optimal debt ratio for economic growth. Contemporary Economic Policy, 13, 51–59.10.1111/coep.1995.13.issue-4
  • Warner, A. M. (1992). Did the debt crisis cause the investment crisis. The Quarterly Journal of Economics, 1161–1186.10.2307/2118384
  • World Development Report (1990). Poverty. New York, NY: Oxford University Press. World Bank.