Abate, Chala Amante - In: Cogent economics & finance 11 (2023) 2, pp. 1-20
regression model with a quadratic specification was used to test threshold effect of debt. The results reveal there are evidences … unfavorable. The results further reveals that there is a threshold effect of debt such that it is beneficial to economic growth of … Ethiopia when it is well below 66.75% of GDP or 36.27% of GNI. Above these threshold levels, debt incurred deteriorates …