Abstract

The Widely held studies on the relationship between external debt and economic growth have concentrated majorly on how external debt affects the economic growth of a group of countries usually classified by their income earned, their geographical location and their level of development. These usually lead to generalized results on the relationship between external debt and economic growth. However, few scholars have focused on the country specific aspect of the relationship between external debt and economic growth and the separate examination of each country make it easier to take into considerations their specific economic qualities which can help lead to a more specific result concerning that country. The purpose of this paper is to review these studies that focus on a specific country’s external debt and economic growth relationship.

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