Cavalcanti, Carlos B.; Marrero, Gustavo A.; Le, Tuan Minh - Economics Research, World Bank Group - 2014
higher growth, revenues, and exports, leading over time to lower debt ratios. This paper develops a framework to assess …While debt-financed productive public investment raises a country’s debt ratios in the short run, it can also generate … whether countries meet the conditions for realizing the net benefits over the costs of public investment debt financing. While …