2013
DOI: 10.5171/2013.335933
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External Debt and Financing of Economic Development: Evidence from North African Countries

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“…As a result of increasing investment, there would be an increase in economic growth (Bilan, 2016). Diallo (2007) mentioned the Keynesian and the neoclassical schools of thought about the debt-growth nexus. Keynesians' school of thought believes that indebtedness does not charge either for the present or future generation because of its increasing demand and investment features, resulting in increased production.…”
Section: Literature Reviewmentioning
confidence: 99%
“…As a result of increasing investment, there would be an increase in economic growth (Bilan, 2016). Diallo (2007) mentioned the Keynesian and the neoclassical schools of thought about the debt-growth nexus. Keynesians' school of thought believes that indebtedness does not charge either for the present or future generation because of its increasing demand and investment features, resulting in increased production.…”
Section: Literature Reviewmentioning
confidence: 99%