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external debt with the attending effects on growth in Nigeria between 1970 and 2003. By synthesizing a relationship between … of the debt Laffer curve and the nonlinear effects of external debt on growth in Nigeria. The study concludes that if …
Persistent link: https://www.econbiz.de/10014215354
An inquiry into the impact of external and domestic borrowings is considered timely for Nigeria, given the growing … effects of domestic and external debts on Nigeria's human capital development. The study employed the fully modified ordinary … significant influence on human capital development in Nigeria while environmental pollution has an inverse and significant impact …
Persistent link: https://www.econbiz.de/10014514213
This paper used the Johansen Cointegration test and system Generalised Method of Moments (sysGMM) to examine the dynamic relations between external debt and economic growth in 43 African countries over the period 2001-2018. The study used data from World Development Indicators (WDI) as published...
Persistent link: https://www.econbiz.de/10012297244
Sound and efficient external debt sustainability is an essential instrument to shred the notoriety of indebtedness and to ameliorate economic growth. This study was conducted with an objective to examine the determinants of foreign debt sustainability in Ethiopia using a yearly time series data...
Persistent link: https://www.econbiz.de/10012015577
This study examines the dynamic impact of public debt on economic growth in Zambia from 1970 to 2017. The study also estimated the relative impact of domestic public debt and foreign public debt on economic growth in Zambia. Using the autoregressive distributed lag (ARDL) bounds testing...
Persistent link: https://www.econbiz.de/10012178046
In this paper we examine the relationship between public debt and economic growth in a large historical panel dataset of 17 OECD economics over the period 1870 - 2016. We do not provide evidence for a statistically significant and robust relationship between government debt and growth. While our...
Persistent link: https://www.econbiz.de/10012162622
The purpose of the study is to test for debt sustainability as well as assess the impact of public debt on economic growth in Ghana using annual time series data spanning from 1970 to 2014. The study employed the fiscal reaction function suggested by Bohn (1998) to test for the sustainability of...
Persistent link: https://www.econbiz.de/10013348432
Despite the growing public debate on fiscal surprise during election periods in jurisdictions where the democratic dispensation is young, comprehensive empirical works to this effect in the case of Africa are hard to find. This study, therefore, sought to contribute to the debate on two counts....
Persistent link: https://www.econbiz.de/10014500527
The article considers the current situation of Italy's economy and public finances in the light of the ongoing euro-crisis. It suggests that growth should be given a considerably higher priority than austerity measures, including because sustained growth eases fiscal consolidation. The work is...
Persistent link: https://www.econbiz.de/10013107125
In 2001, the U.S. gross public debt was about $6 trillion; a decade later it was $14 trillion; by the end of 2012 it exceeded $16 trillion. A large part of that increase was absorbed by foreign holders, especially central banks in China and Japan. With the U.S. government gross debt ratio now in...
Persistent link: https://www.econbiz.de/10013084406