|
|
|
|
Title: |
The Impact of International Indebtedness of the Import-Export Sectors of
Developing Countries |
| Author: |
Afxentiou,
Panos C.; Serletis, Apostolos |
| Author
Affiliation: |
U Calgary |
| Source: |
International Economic Journal, Spring 1995, v. 9, no. 1, pp. 73-87 |
|
Publication Date: |
Spring 1995 |
|
Abstract: |
This paper tests the casual relationship
between the international indebtedness in the 1970s which was followed
by the debt crisis in the 1980s and the import and export flows of
developing countries. In the overwhelming majority of cases from a
sample of 55 countries facing debt difficulties no evidence of causality
was found from indebtedness alone or from its combination with exports
to imports, nor from indebtedness to exports. These findings cast
serious doubts as to whether the inflows of foreign funds contributed to
the economic development or the export orientation of debtor nations. |
|
