Series: IMF Working Papers
Author(s): Helene Poirson Ward , Luca Ricci , and Catherine Pattillo
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 January 2004
Keywords: Growth, growth accounting, tfp, total factor productivity, low debt, debt ratios, International Lending and Debt Problems, Economic Growth of Open Economies, Economic Development: General, Economic Growth and Aggregate Productivity: General,
This paper investigates the channels through which debt affects growth, specifically whether debt affects growth through factor accumulation or total factor productivity growth. It also tests for the presence of no...