The Political Economy of National Debt Burdens, 1970-2000

International Interactions, Forthcoming

49 Pages Posted: 4 Feb 2008

Date Written: 18 April 2007

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: Debt, Oil

Suggested Citation

Nooruddin, Irfan, The Political Economy of National Debt Burdens, 1970-2000 (18 April 2007). International Interactions, Forthcoming, Available at SSRN: https://ssrn.com/abstract=1084247

Irfan Nooruddin (Contact Author)

Georgetown University ( email )

Washington, DC 20057
United States

HOME PAGE: http://www.irfannooruddin.org

Do you have negative results from your research you’d like to share?

Paper statistics

Downloads
150
Abstract Views
1,923
Rank
352,966
PlumX Metrics