A critical assessment of the debt-to-GDP ratio in developing countries
Rahaman, A. and Mahadeo, S.
It is advisable to refer to the publisher's version if you intend to cite from this work. See Guidance on citing. Abstract/SummarySingle metrics of public debt – such as the debt-to-GDP ratio – is the most common measure of government debt used in economic analysis due to its simplicity and availability. However, it provides an incomplete profile of a nation’s debt position, which is largely determined by country-specific factors. As such, we undertake a comprehensive and critical assessment of debt-to-GDP as the sole measure of government debt. We also recommend the use of alternative indicators and the consolidation of a composite debt index derived from globally recognized indicators of government indebtedness.
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