International Business & Economics Research Journal – October 2007 Volume 6, Number 10
89
Global Trends And Debt Relief For Asia,
Latin America, And Africa:
A Multiple Discriminant Analysis
Farhad F.
Ghannadian, (E-mail: ghannadian_f@mercer.
edu),...
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International Business & Economics Research Journal – October 2007 Volume 6, Number 10
89
Global Trends And Debt Relief For Asia,
Latin America, And Africa:
A Multiple Discriminant Analysis
Farhad F.
Ghannadian, (E-mail: ghannadian_f@mercer.
edu), Mercer University
John R.
Miller, (E-mail: Miller_jr@mercer.
edu), Mercer University
ABSTRACT
Emerging country debt levels are at an all time high.
There seems to be a great need to find a
solution to the mounting level of external debt in the continents of Asia, South America and Africa.
Utilizing multiple discriminant analysis this study looks at whether indebted countries in the
various continents responded differently to macroeconomic factors and whether the level of debt
made those economies respond to macroeconomic measures.
This study supports the notion that
Asian countries are more affected by debt factors influencing their economies than countries in
Latin America or Africa.
The study further shows that va
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