全球智库信息集成服务系统(G2TT): The Debt Crisis: Structural Explanations of Country Performance

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w2607
来源ID	Working Paper 2607
	The Debt Crisis: Structural Explanations of Country Performance
	Andrew Berg; Jeffrey Sachs
发表日期	1988-06-06
出版年	1988
语种	英语
摘要	This paper develops a cross-country statistical model of debt rescheduling, and the secondary market valuation of LDC debt, which links these variables to key structural characteristics of developing countries, such as the trade regime, the degree of income inequality, and the share of agriculture in GNP Our most striking finding is that higher income inequality is a significant predictor of a-higher probability of debt rescheduling in a cross-section of middle-income countries. We attribute this correlation to various difficulties of political management in economies with extreme inequality. We also find that outward-orientation of the trade regime is a significant predictor of a reduced probability of debt rescheduling.
主题	International Economics ; Macroeconomics
URL	https://www.nber.org/papers/w2607
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/559893
推荐引用方式 GB/T 7714	Andrew Berg,Jeffrey Sachs. The Debt Crisis: Structural Explanations of Country Performance. 1988.