A 3-GAP MODEL OF FOREIGN TRANSFERS AND THE GDP GROWTH-RATE IN DEVELOPING-COUNTRIES

被引:86
作者
BACHA, EL
机构
[1] Pontificia Universidade Catolica do Rio de Janeiro, Rio de Janeiro
关键词
D O I
10.1016/0304-3878(90)90039-E
中图分类号
F [经济];
学科分类号
02 ;
摘要
A simplified macroeconomic framework is developed for the 'fiscal gap', which is considered to be an important stumbling block for adjustment with growth in highly-indebted developing countries. Distinctive characteristics of a fiscally constrained economy are compared with those of economies constrained either by the availability of savings or foreign exchange. Tentative implications for external conditionality accompanying debt-relief measures are derived. © 1990.
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页码:279 / 296
页数:18
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