Indebitamento internazionale degli HIPC: da problema economico a problema politico (HIPC's International Debt: From Economic to Political Problem)

• Main Author: Paolo Palazzi
• Format: Article
• Language: Italian
• Published: Associazione Economia civile 2012-04-01
• Series: Moneta e Credito
• Subjects: Debt; Development; International Debt
• Online Access: http://ojs.uniroma1.it/index.php/monetaecredito/article/view/9789

<p>This paper analyzes the dynamic of the international debt of Heavily Indebted Poor Countries (HIPC), along with the socio-economic development. The structure of the paper is the following: a) the first part of the paper analyzes the dynamic of the structure of debt and socio-economic development (using 14 variables) of 34&nbsp;HIPC&nbsp;during the period 198797, using a multi statistical analysis; b) the second part analyzes the relation between economic development and the structure of debt (period 1971-1998) for three benchmark countries (Niger, Bolivia and Tanzania); c) in the final part, employing a cross section analysis, the paper verifies the relation between one social indicator (life expectancy) and the international debt structure for the 34&nbsp;HIPC. The main finding of the paper is that social and economic development is positively related to the debt stock, and it has a negative relation with the interest export ratio. Thus for the&nbsp;HIPC&nbsp;a reduction in debt service would be a better strategy than reducing the debt stock.&nbsp;&nbsp;&nbsp;</p><p>&nbsp;</p><p>&nbsp;</p><p><strong>JEL Codes:</strong> F34, O19</p><p><strong>Keywords:</strong> Debt, Development, International Debt</p>