Debt and the developing countries
A note on optimal international borrowing
Bibliographic Data
| ID | 20301397 |
|---|---|
| Authors | Yang‐ming Chang (Kansas State University), Janaki Ram Pillarisetti |
| Year | 1989 |
| Volume | 25 |
| Issue | 4 |
| Pages | 576-579 |
| Publication date | 1989-07-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | The Journal of Development Studies (JOURNAL) |
| Journal identifiers | ISSN: 0022-0388 • E-ISSN: 1743-9140 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/00220388908422131 |
| OpenAlex | W2034395416 |
| Language | EN |
| Citations received | 1 |
| References cited | 1 |
This note re‐examines the economic model of optimal international borrowing for LDCs proposed by Gemmell [1988]. Pursuing a rigorous methodology, this note derives alternative optimal debt functions, and discusses the sufficient conditions under which the optimal debt level is positive. Interesting implications of the analysis in this note, inter alia, rest in identifying the appropriate role of social inter‐temporal consumption preferences in a more realistic setting, and in perceiving, unambiguously, the tendency of ‘overborrowing’ by LDCs that only service their debts over long periods
Consumption (sociology) · Debt · Debt service coverage ratio · Developing country · Economic growth · Economics · External debt · Macroeconomics · Monetary economics · Rest (music) · Economic Theory and Policy · Fiscal Policies and Political Economy · Global Financial Crisis and Policies
| Unique citing works | 1 |
|---|---|
| Citations per year | 0,03 |
| Citation span | 1989 - 1989 (1) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 1 |