Evidencia empirica sobre deuda externa, inversion, y crecimiento en Mexico, 1980-2003

Flores Prieto, Pedro and Fullerton, Thomas M., Jr. and Andrade Olivas, Cesar (2007): Evidencia empirica sobre deuda externa, inversion, y crecimiento en Mexico, 1980-2003. Published in: Analisis Economico , Vol. 22, No. 50 (April 2007): pp. 149-171.

Abstract

Under some conditions, it is possible that foreign debt can cause fixed investment in a country to decline. Under those circumstances, economic growth will turn negative. This theoretical possibility is known as the debt overhang hypothesis. This study investigates the debt overhang hypothesis for Mexico between 1980 and 2003. Parameter estimation results offer partial empirical evidence in favor of this hypothesis. Simulation results exhibit a high degree of correlation with actual sample data.

• Item Type: MPRA Paper
• English Title: Empirical evidence on foreign debt, investment, and growth in Mexico, 1980-2003
• Language: Spanish
• Keywords: Foreign debt; growth; applied econometrics; Mexico
• Subjects: O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O11 - Macroeconomic Analyses of Economic Development; F - International Economics > F3 - International Finance > F34 - International Lending and Debt Problems; O - Economic Development, Innovation, Technological Change, and Growth > O5 - Economywide Country Studies > O54 - Latin America ; Caribbean

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