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Empirical Test of a New Theory of Economic Growth: The Relationship Between External Debt and Economic Development
This paper puts forward a methodology of testing a new theory of economic growth that emphasises key factors determining the success or failure of policies that change underlying economic structures, and hence would lead to an intrinsic monitoring of over-borrowing?.
Geography
Link
http://www.business.uts.edu.au/finance/research/wpapers/wp140.pdf