Suchergebnisse

This paper empirically examines the relationship between government foreign debt and the growth rate of per capita GDP based on a total sample of 77 countries, as well as sub‐samples of various regions. Cross‐sectional estimates of the coefficient of foreign debt based on the total sample have a negative sign, but are not always statistically significant. Available data from African countries indicate that foreign debt and the growth rate of per capita GDP were negatively related at a high level of significance. For industrialized and Latin American sub‐samples, this relationship is negative but statistically insignificant. The sub‐sample Asian and other developing countries show a positive but insignificant relationship.JEL classification: F34, H6, O23.

Using a sample of Latin American firms from four areas (Brazil, Colombia, Mexico and Central America), the study compares the performance and technological activity of transnational to domestic firms. After accounting for scale, age and location of the firms, the authors find few differences in either traditional methods of growth and profitability or in implementation of new technology embodied in processes or products