Debt Relief Incentives in Highly Indebted Poor Countries (HIPC): An Empirical Assessment

Dobdinga Fonchamnyo ()

International Advances in Economic Research, 2009, vol. 15, issue 3, 322-335

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. Copyright International Atlantic Economic Society 2009

Keywords: HIPC initiative; Debt relief incentive; Economic performance; F34; H63; O11 (search for similar items in EconPapers)
Date: 2009
References: Add references at CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://hdl.handle.net/10.1007/s11294-009-9211-1 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kap:iaecre:v:15:y:2009:i:3:p:322-335:10.1007/s11294-009-9211-1

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/11294

DOI: 10.1007/s11294-009-9211-1

Access Statistics for this article

International Advances in Economic Research is currently edited by Katherine S. Virgo

More articles in International Advances in Economic Research from Springer, International Atlantic Economic Society Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().