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sovereign debt of Economic Community of West African States (ECOWAS) member countries. Design/methodology/approach Debt … to determine external debt sustainability and solvency of ECOWAS members. Findings The findings indicate that most ECOWAS … identify which of the ECOWAS countries are already at the threshold of external debt stress, and in the likelihood to renege on …
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German fiscal policy is nowadays often presented as a shining example due to successful budget consolidation after the Great Recession. However, the idea that the German success is the result of a well-thought-out economic strategy that could therefore serve as a role model for other countries...
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This paper surveys the empirical research on fiscal institutions of the last three decades. The main results are: (i) Constitutional or statutory fiscal limitations have in most cases proved to be effective in cutting down public expenditure, revenue, and debt. (ii) Budgetary proce-dures matter...
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This study employs the bootstrap autoregressive distributed lag (ARDL) approach alongside the dynamic ARDL simulations technique to investigate the non-linear effect of public debt on public expenditure in Nigeria during the 1981-2020 period. The result of the bootstrap bounds test illustrates...
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