NIGERIA: Debt Repayment
In: Africa research bulletin. Economic, financial and technical series, Band 44, Heft 2
ISSN: 1467-6346
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In: Africa research bulletin. Economic, financial and technical series, Band 44, Heft 2
ISSN: 1467-6346
SSRN
In: Current History, Band 17, Heft 6, S. 925-928
ISSN: 1944-785X
In: Bjørnskov , C & Schröder , P J H 2010 ' Are Debt Repayment Incentives Undermined by Foreign Aid? ' Aarhus School of Business, Aarhus University, Department of Economics , Aarhus .
This paper investigates the effects of inflows of foreign aid on the debt repayment behaviour of developing countries. The paper first delineates the overall incentives to committing to timely repayment in a war of attrition-type model. A set of panel estimates including 93 developing countries shows that foreign aid is strongly negatively associated with repayment incentives. The findings pertain to both total debt service and service on publically guaranteed debt. Only countries that tend to vote predominantly with the US in the UN General Assembly are not significantly discouraged from servicing their debt by inflows of foreign aid.
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This paper is designed to analyze the sustainability of the central government budget in the case of Indonesia over the period of 1999-2009. First, we explore the theoretical background of the fiscal sustainability. Second, we develop a model to capture some factors determining the fiscal sustainability. Unlike the previous studies, we use both domestic debt and foreign debt to assess the fiscal solvency. Finally, we estimate it empirically. Based on the quarterly data analysis, we concluded that the government budget is unsustainable. This is associated with domestic debt rather than foreign debt. They imply that the central government should manage the debts carefully including re-profile, re-schedule, and re-structure them in order to spread the excess burden in the future. Also, the fiscal risks should be calculated comprehensively in order to maintain solvency.
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World Affairs Online
In: The journal of development studies: JDS, Band 29, Heft 1, S. 148-165
ISSN: 0022-0388
The article estimates the cost of taxing the export, import or domestic sectors for the purpose of reducing the national debt. A simple GNP model is used to estimate the elasticities that characterise the three sectors and are used to simulate the effects of taxing for debt servicing. (DSE/DÜI)
World Affairs Online
In: The International journal of humanities & social studies: IJHSS, Band 7, Heft 7
ISSN: 2321-9203
In: The journal of development studies, Band 29, Heft 1, S. 148-165
ISSN: 1743-9140
In: The journal of financial research: the journal of the Southern Finance Association and the Southwestern Finance Association, Band 4, Heft 2, S. 137-146
ISSN: 1475-6803
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Working paper
In: Public choice, Band 80, Heft 3-4, S. 415-416
ISSN: 0048-5829
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Working paper
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Working paper