The name is absent

Study____________

Dep. variable

Model/Est. meth.

Signi...cant regressors

Berg and Sachs
(1988)

Debt rescheduling

Probit

Income distribution

Share of agriculture in GNP

GNP per capita_________________

Lloyd-Ellis et al.
(1989)

Debt rescheduling

Logit

Rate of growth of exports
Bank borr./bank deposits
S-t bank borr./tot. bank borr.
M-t bank borr./tot. bank borr.
L-t bank borr./tot. bank borr.
For. exchange res./IMF quota
Unall. cred it/country’s lend.
Undis. credit/bank lending
Number and value of resch.

Lee

(1991)

Debt rescheduling

Logit

Foreign debt/GNP
Growth rate of p.c. GDP
Interest rate on intern. lend.

Ind. countries’ GNP growth
Variability in p.c. GDP
Domestic debt/GDP__________

Backer

(1992)

Debt rescheduling

Logit

Undis. credit/bank lending
Country’s debt/tot. bank lend.
Bank borr./bank deposits
Growth rate of exports
Wtd. av. spreads of resch.
Resch. and regional dummies
Stock exchange index
Wtd. av. G7 gov. bond yield

Lanoie and Lemarbre
(1996)

Debt rescheduling
Amount of debt
rescheduled

Probit

OLS

(Heckman’s two-step
estimator)

Unall. credit/total borr.

For. exchange res./IMF quota
Undis. credit/total bank borr.
Wtd. av. grace period of resch.
L-t bank borr./tot. bank borr.
M-t bank borr./tot. bank borr.
Imp orts/reserves
GDP per capita
Debt service/exports
Total debt/exports
Debt am ortisation/debt
Investments/GDP

Current account/GDP_________