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of institutions or quality of governance. Using country averages from 2005 to 2017 and data set for 32 SSA countries, OLS … technique is used to estimate cross-sectional effect of external debt on governance and economic growth. The findings indicate … that exports and quality of governance stimulate output positively, while external debt burden has adverse effect on …
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Sovereigns' public capital and fiscal constraint influence sovereign debt crises and resolution. We compile a dataset on public expenditure composition around restructurings with private external creditors. We show that during restructurings, public investment (i) experiences severe decline and...
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increases in the debt stock of about 120% over the ten-year for the Sub-Sahara region. The results imply that fiscal governance …
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