Degefe, B.
(1992)
Growth and foreign debt: the Ethiopian Experience,1964-86.
Project Report.
AERC, Nairobi, Kenya.
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Abstract
After brief introduction in part 1, part II surveys the post-war literature on foreign capital and economic development. Part III focuses on the historical evolution of policies with respect toprivate foreign investment and external credit in Ethiopia. Part IV deals with issue of the quantitative measures of debt along with source and use. Part V examines how the long-term external audit was used. Part VI develops a macro model relating external debt and growth, and uses it to examinetheir relationship in the Ethiopian context, and Part VII concludes the paper
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