Debt Relief Incentives in Highly Indebted Poor Countries (HIPC): An Empirical Assessment |
| |
Authors: | Dobdinga C Fonchamnyo |
| |
Institution: | (1) Department of Economics, University of Buea, Buea, South West Region, Cameroon |
| |
Abstract: | For more than two decades, the majority of countries in the African continent have experienced repeated episodes of rising
external debt and debt service, which has led to numerous efforts of external debt relief. This paper provides new evidence
on the effects of the Heavily Indebted Poor Countries (HIPC) Initiative on different economic and social indicators in 60
low income countries (LICs). Results show that LICs that were included in the HIPC Initiative marginally performed better
than non-HIPC countries. There is evidence that countries that have reached the completion point of the HIPC Initiative by
2005 have experienced an average improvement in investment, health care, gross secondary education enrollment, and GDP per
capita growth.
|
| |
Keywords: | HIPC initiative Debt relief incentive Economic performance |
本文献已被 SpringerLink 等数据库收录! |
|