Debt position of developing countries and new initiatives for debt reduction: a panel data fixed effects estimation of the impacts of the HIPC initiatives

Houssou, Nazaire; Heidhues, Franz

Debt position of developing countries and new initiatives for debt reduction: a panel data fixed effects estimation of the impacts of the HIPC initiatives

dc.contributor.author	Houssou, Nazaire	de
dc.contributor.author	Heidhues, Franz	de
dc.date.accessioned	2024-04-08T08:38:10Z
dc.date.available	2024-04-08T08:38:10Z
dc.date.created	2006-03-28
dc.date.issued	2005
dc.description.abstract	In September 1996, the World Bank and the International Monetary Fund launched the Heavily Indebted Poor Countries Initiative (HIPC). This initiative was endorsed by 180 governments around the world as an effective and welcome approach to help poor, severely indebted countries reduce debt as a part of the overall poverty reduction strategy. Three years later, the initiative was enhanced to provide for faster, broader and deeper debt relief. Using a panel data fixed effect estimation, this study assesses the achievements of the first and second HIPC initiatives and explores further areas of intervention that might help the HIPCs graduate from debt rescheduling and achieve sustainable growth and poverty alleviation. Despite moderate achievements of the HIPC measures so far, this paper argues in favour of a HIPC III initiative. Much more relief is needed to link debt reduction to poverty alleviation if the expectations raised by the HIPC initiatives are to become reality.	en
dc.identifier.swb	286873079
dc.identifier.uri	https://hohpublica.uni-hohenheim.de/handle/123456789/5055
dc.identifier.urn	urn:nbn:de:bsz:100-opus-1439
dc.language.iso	eng
dc.relation.ispartofseries	Forschung zur Entwicklungsökonomie und -politik / Research in development economics and policy; 2005,2
dc.rights.license	publ-ohne-pod	en
dc.rights.license	publ-ohne-pod	de
dc.rights.uri	http://opus.uni-hohenheim.de/doku/lic_ubh.php
dc.subject	Debt relief	en
dc.subject	Indebtedness	en
dc.subject	Governance	en
dc.subject	HIPC initiatives	en
dc.subject	Poverty	en
dc.subject.ddc	630
dc.subject.gnd	Entwicklungsländer	de
dc.subject.gnd	Auslandsschulden	de
dc.subject.gnd	Schuldenerlass	de
dc.subject.gnd	Armut	de
dc.title	Debt position of developing countries and new initiatives for debt reduction: a panel data fixed effects estimation of the impacts of the HIPC initiatives	de
dc.type.dcmi	Text	de
dc.type.dini	WorkingPaper	de
local.access	uneingeschränkter Zugriff	en
local.access	uneingeschränkter Zugriff	de
local.bibliographicCitation.publisherPlace	Universität Hohenheim	de
local.export.bibtex	@techreport{Houssou2005, url = {https://hohpublica.uni-hohenheim.de/handle/123456789/5055}, author = {Houssou, Nazaire and Heidhues, Franz}, title = {Debt position of developing countries and new initiatives for debt reduction: a panel data fixed effects estimation of the impacts of the HIPC initiatives}, year = {2005}, school = {Universität Hohenheim}, series = {Forschung zur Entwicklungsökonomie und -politik / Research in development economics and policy}, }
local.export.bibtexAuthor	Houssou, Nazaire and Heidhues, Franz
local.export.bibtexKey	Houssou2005
local.export.bibtexType	@techreport
local.faculty.number	2	de
local.institute.number	490	de
local.opus.number	143
local.series.issueNumber	2005,2
local.series.title	Forschung zur Entwicklungsökonomie und -politik / Research in development economics and policy
local.university	Universität Hohenheim	de
local.university.faculty	Faculty of Agricultural Sciences	en
local.university.faculty	Fakultät Agrarwissenschaften	de
local.university.institute	Institute for Agricultural Economics and Social Sciences in the Tropics and Subtropics	en
local.university.institute	Institut für Agrar- und Sozialökonomie in den Tropen und Subtropen	de

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Institut für Tropische Agrarwissenschaften (Hans-Ruthenberg-Institut)
Forschung zur Entwicklungsökonomie und -politik / Research in development economics and policy