Scandinavian Working Papers in Economics

Working Papers in Economics,
University of Gothenburg, Department of Economics

No 176: Debt Relief and Adjustment Effort in a Multi Period Model

Sven Tengstam ()
Additional contact information
Sven Tengstam: Department of Economics, School of Economics and Commercial Law, Göteborg University, Postal: Box 640, SE 405 30 GÖTEBORG

Abstract: This paper shows that if the period following the granting of debt relief is taken into account, debt relief increases adjustment effort(investment), irrespective of whether there is an initial debt overhang or not.

Keywords: HIPC; Debt relief; Debt overhang; Investment; Incentives

JEL-codes: F34; H63; O11; O16

8 pages, September 12, 2005

Full text files 

2714 HTML file

Download statistics

Published as
Sven Tengstam, (2006), 'Debt Relief and Adjustment Effort in a Multi Period Model', Economics Letters, vol 91, no 1, pages 127-130

Questions (including download problems) about the papers in this series should be directed to Jessica Oscarsson ()
Report other problems with accessing this service to Sune Karlsson ().

RePEc:hhs:gunwpe:0176This page generated on 2024-11-14 18:33:26.