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Previous studies of the debt crisis have examined either the impact of overhangs on developingeconomies or the effect of the depressed growth in these countries on developed nations throughtrade and financial linkages. In this paper. these two approaches are synthesised by encompassingdebtors' supply and demand behaviour in u partial equilibrium framework. The preliminary resultsindicate both the significance of the debt overhang in debtor nations' production and consumptiondecisions, and tend to suggest that debt write-offs could lead to increases in demand for agriculturalgoods. The investigation of overhang reduction can potentially be used to help settle the currentcontroversy on the size and distribution of impacts from debt forgiveness policies, thus contributingvaluable insights into targeting and institutional debates.

Keywords: partial equilibrium model ; debt ; overhang ; agriculture trade

Subject(s): Agricultural and Food Policy

Agricultural Finance

International Development

International Relations/Trade

Research Methods/ Statistical Methods

Issue Date: 1995-02

Publication Type: Conference Paper/ Presentation

PURL Identifier: http://purl.umn.edu/170921

Total Pages: 33

Record appears in: Australian Agricultural and Resource Economics Society (AARES) > 1995 Conference (39th), February 14-16, 1995, Perth, Australia





Autor: Locke, Christopher ; Ahmadi-Esfahani, Fredoun Z.

Fuente: http://ageconsearch.umn.edu/record/170921?ln=en







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