Suchergebnisse

Add. 1(A): The impact of the world economic crisis on the least developed countries. - 24 June 1985. - 7 S., 4 Tab. - (TD/B/AC.17/25/Add.1(A)) ; (GE.85.52397); Add. 1(B): Performance of the least developed countries in the 1980s. - 9 July 1985. - 27 S., 13 Tab. - (TD/B/AC.17/25/Add.1(B)) ; (GE.85-52433); Add. 1(C): Food and agriculture. - 17 July 1985. - 23 S., 4 Tab. - (TD/B/AC.17/25/Add.1(C)) ; (GE.85-52530); Add. 1(D): Environment and disasters. - 3 July 1985. - 20 S., 4 graph. Darst., 3 Kt., 7 Tab. - (TD/B/AC.17/25/Add.1(D)) ; (GE.85-52396); Add. 1(E): Human resources and social development. - 22 July 1985. - 36 S., 2 graph. Darst., 1 Kt., zahlr. Tab. - (TD/B/AC.17/25/Add.1(E)) ; (GE.85-52561); Add. 1(F): Mobilization of internal resources for development. - 3 July 1985. - 8 S., 1 graph. Darst. - (TD/B/AC.17/25/Add.1(F)) ; (GE.85.52409)

This article examines the effects of project finance on economic growth in the least developed countries (LDC). Inspired by the neoclassical growth model we set up an econometric model to estimate the effects of project finance for a sample consisting of 38 of the least developed countries using data from the period 1994-2007. The results of our study suggest, that project finance has a significant positive effect on economic growth and therefore constitute an important source of financing in the selected set of countries. Additionally, the project sheds light on other factors of importance for economic growth in LDCs. We find that a higher regulatory quality, lower government consumption and a higher level of education helps increase growth. The significance of these variables are, however, not as consistently robust as the results for project finance.

What are the least developed countries? -- Continuity and change in the least developed countries category -- How has the application of inclusion and graduation criteria affected the least developed countries list? -- Least developed countries and growth economics: why no convergence? -- The lack of human capital and how to measure it -- Structural economic vulnerability and how to measure it -- Defining the scope of the least developed countries category -- Refining the identification criteria -- Combining identification criteria: from three criteria to two--or one? -- Enhancing the consistency of the least developed countries category