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Third World Debt and Wheat Imports: An Analysis for Selected Countries
Author(s) -
Stiegert Kyle,
Azzam Azzeddine
Publication year - 1990
Publication title -
applied economic perspectives and policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.4
H-Index - 49
eISSN - 2040-5804
pISSN - 2040-5790
DOI - 10.1093/aepp/12.1.79
Subject(s) - external debt , debt , international economics , economics , internal debt , government (linguistics) , developing country , intervention (counseling) , economic interventionism , third world , international trade , debt to gdp ratio , business , monetary economics , development economics , macroeconomics , political science , economic growth , psychology , linguistics , philosophy , psychiatry , politics , law
Questions have been raised recently concerning the potential threat of a reduced ability to import in nations where external debt is rapidly increasing. The central purpose of this paper is to explore to what extent external debt is having on LDC wheat imports. A model, which allows for increasing government intervention as the capacity to import decreases, was tested using time series data (1970–1985) for six wheat importing nations.