THE DETERMINANTS OF DEVELOPING-COUNTRIES ACCESS TO THE INTERNATIONAL CAPITAL-MARKET

R LENSINK*, PAG VANBERGEIJK

*Bijbehorende auteur voor dit werk

OnderzoeksoutputAcademicpeer review

5 Citaten (Scopus)

Samenvatting

The traditional analysis of Western credit relations with Developing Countries mainly focuses on the possibilities of debtor countries' meeting their debt obligations and tries to find factors behind possible default. The present study explicitly considers flows of funds between creditors and debtors and investigates the determinants of developing countries' access to the international capital market. A combination of GDP per capita, net-debt-to-GDP and the investment share predicts access to the 1985-87 capital market correctly in 75 per cent of the cases.

Originele taal-2English
Pagina's (van-tot)86-103
Aantal pagina's18
TijdschriftJournal of Development Studies
Volume28
Nummer van het tijdschrift1
StatusPublished - okt-1991

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