Economic growth, foreign loans and debt servicing capacity of developing countries
将增长与外债的简单聚合模型与偿债能力经验公式结合，通过模拟两组发展中国家的增长和债务模式，研究偿债问题的条件与模式，并评估不同缓解政策的效率与适用性。
The paper links a simple aggregate model of growth‐cum‐external debt with an empirical formula for debt‐servicing capacity. Through simulations of growth and debt patterns, using data related to two groups of LDCs, the underlying conditions and the pattern of debt service problems which emerge are studied. Simulation of policies designed to alleviate debt‐service problems allows an assessment of the efficiency and suitability of different policies. The time dimension of debt problems and its relevance to policy are considered as well. The study raises doubts regarding the applicability of accepted beliefs and rules of thumb related to external debt management.