Department of Economics and Business Economics

Are Debt Repayment Incentives Undermined by Foreign Aid?

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Are Debt Repayment Incentives Undermined by Foreign Aid? / Bjørnskov, Christian; Schröder, Philipp.

In: Journal of Comparative Economics, Vol. 41, No. 4, 2013, p. 1073-1091.

Research output: Contribution to journal/Conference contribution in journal/Contribution to newspaperJournal articleResearchpeer-review

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Author

Bjørnskov, Christian ; Schröder, Philipp. / Are Debt Repayment Incentives Undermined by Foreign Aid?. In: Journal of Comparative Economics. 2013 ; Vol. 41, No. 4. pp. 1073-1091.

Bibtex

@article{1d52d14894d04e0c88996cf1c4779997,
title = "Are Debt Repayment Incentives Undermined by Foreign Aid?",
abstract = "This paper investigates the effects of inflows of foreign aid on the debt repayment behaviorof developing countries. The paper first delineates the overall incentives to committing totimely debt repayment in a war of attrition-type model. A set of panel estimates including93 developing countries shows that foreign aid is strongly negatively associated withrepayment incentives. The findings pertain to both total debt service and service on publicallyguaranteed debt. A set of conditional estimates suggest that the main findings generalizeto the majority of developing countries",
keywords = "Foreign aid, External debt, Debt service, Political economy",
author = "Christian Bj{\o}rnskov and Philipp Schr{\"o}der",
note = "Campus adgang til artiklen / Campus access to the article",
year = "2013",
doi = "10.1016/j.jce.2013.04.004",
language = "English",
volume = "41",
pages = "1073--1091",
journal = "Journal of Comparative Economics",
issn = "0147-5967",
publisher = "Academic Press",
number = "4",

}

RIS

TY - JOUR

T1 - Are Debt Repayment Incentives Undermined by Foreign Aid?

AU - Bjørnskov, Christian

AU - Schröder, Philipp

N1 - Campus adgang til artiklen / Campus access to the article

PY - 2013

Y1 - 2013

N2 - This paper investigates the effects of inflows of foreign aid on the debt repayment behaviorof developing countries. The paper first delineates the overall incentives to committing totimely debt repayment in a war of attrition-type model. A set of panel estimates including93 developing countries shows that foreign aid is strongly negatively associated withrepayment incentives. The findings pertain to both total debt service and service on publicallyguaranteed debt. A set of conditional estimates suggest that the main findings generalizeto the majority of developing countries

AB - This paper investigates the effects of inflows of foreign aid on the debt repayment behaviorof developing countries. The paper first delineates the overall incentives to committing totimely debt repayment in a war of attrition-type model. A set of panel estimates including93 developing countries shows that foreign aid is strongly negatively associated withrepayment incentives. The findings pertain to both total debt service and service on publicallyguaranteed debt. A set of conditional estimates suggest that the main findings generalizeto the majority of developing countries

KW - Foreign aid

KW - External debt

KW - Debt service

KW - Political economy

U2 - 10.1016/j.jce.2013.04.004

DO - 10.1016/j.jce.2013.04.004

M3 - Journal article

VL - 41

SP - 1073

EP - 1091

JO - Journal of Comparative Economics

JF - Journal of Comparative Economics

SN - 0147-5967

IS - 4

ER -