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The External Debt Crisis

 

Marketed By :  LAP LAMBERT Academic Publishing   Sold By :  Kamal Books International  
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  • Product Description
 

Development economists generally argue that poor countries at their early stages of development are faced with limited domestic resources for development, and can therefore borrow to boost their rate of growth and development. This financing gap, which is based on the Harrod-Domar growth theory, has made developing countries to accumulate large amount of external debt that they could no longer sustain. Moreover, there is now a growing concern that the debt service payment is retarding economic growth and investment in the heavily indebted countries, while also displacing current expenditure in priority sectors like health, education, and social infrastructure. This study therefore, examines the impact of external debt on economic growth and investment in ECOWAS Sub-Saharan Africa over the period 1980 - 1999. The results indicate the presence of both positive and negative spatial dependence in ECOWAS countries across time.

Product Specifications
SKU :COC59074
AuthorDauda Foday Suma
LanguageEnglish
BindingPaperback
Number of Pages232
Publishing Year06.03.2014
ISBN9783659485077
Edition1 st
Book TypeEconomics
Country of ManufactureIndia
Product BrandLAP LAMBERT Academic Publishing
Product Packaging InfoBox
In The Box1 Piece
Product First Available On ClickOnCare.com2015-08-05 00:00:00