Cart
The Political Economy of National Debt Burdens, 1970–2000
Abstract
Why did developing country governments find themselves mired in high debt by the end of the twentieth century? This paper develops a theoretical framework to understand the relationship between political institutions, resource wealth, and debt burdens. Hypotheses generated are tested on a time-series cross-section data set of developing countries from 1970–2000. Three main findings are reported: oil wealth has a positive relationship with debt; this relationship is weakly conditional on the country's regime type; and the relationship is independent of general commodity price volatility. The paper concludes with a discussion of the implications of this research for our understanding of the ‘resource curse.’
KEYWORDS
- Recommend to:
- A friend
First page preview
Details
- Citation information:
- Available online: 20 Jun 2008
Author affiliations
- a Department of Political Science,, Ohio State University, Columbus, Ohio, USA
Journal news
- Increasing to 5 issues in 2012
- Online Special Issue on Power Transitions - Free Access from 1/20/12 to 3/20/12 - CLICK HERE!
Librarians
- Librarians' area
- Pricing
- Institutional account
- Access entitlements
- Co-branding
- IP ranges
- Link resolver preferences
- Usage reports