Who gets debt relief?
成果类型：
Article; Proceedings Paper
署名作者：
Chauvin, Nicolas Depetris; Kraay, Aart
署名单位：
Princeton University; The World Bank
刊物名称：
JOURNAL OF THE EUROPEAN ECONOMIC ASSOCIATION
ISSN/ISSBN：
1542-4766
DOI：
10.1162/jeea.2007.5.2-3.333
发表日期：
2007
页码：
333-342
关键词：
摘要：
We use preliminary data from an ongoing effort to construct estimates of debt relief to study its allocation across 62 low-income countries. We find some evidence that debt relief, particularly from multilateral creditors, has been allocated to countries with better policies in recent years. Somewhat surprisingly, conditional on per capita incomes and policy, more indebted countries are not much more likely to receive debt relief. However, countries that are large debtors vis-a-vis especially multilateral creditors are more likely to receive debt relief. We do not find much evidence that debt relief responds to fluctuations in GDP growth. Finally, most of the persistence in debt relief is driven by slowly changing country characteristics, suggesting that it may be difficult for Countries to exit from cycles of repeated debt relief.
来源URL：