IDEAS home Printed from https://ideas.repec.org/a/taf/rseexx/v46y2022i2p83-104.html
   My bibliography  Save this article

External indebtedness in Sub-Saharan Africa: a spatial econometric perspective

Author

Listed:
  • Jamiil Jeetoo

Abstract

The dilemma around external debt accumulation and the increasing burden of debt servicing in sub-Saharan Africa (SSA) remains a repetitive topic in the development debates. The aim of this study is to investigate the determinants of external indebtedness for SSA countries over the period 2002–2020 while accounting for spatial effects. It departs from the classical literature which uses external debt to Gross Domestic Product ratio as a measure of external indebtedness and formulates another measure, referred to as the Indebtedness Index, which is calculated by making use of the Stochastic Frontier Analysis technique. It accounts for the impact of spatial interactions in external debt accumulation behaviour, by applying the Spatial Durbin Model. The findings of the study show evidence of spatial interactions in external indebtedness among SSA nations. The results also show the reduction capacity of higher exports, political stability and government effectiveness on external indebtedness, while higher share of broad money to GDP exacerbates external indebtedness.

Suggested Citation

  • Jamiil Jeetoo, 2022. "External indebtedness in Sub-Saharan Africa: a spatial econometric perspective," Studies in Economics and Econometrics, Taylor & Francis Journals, vol. 46(2), pages 83-104, April.
  • Handle: RePEc:taf:rseexx:v:46:y:2022:i:2:p:83-104
    DOI: 10.1080/03796205.2022.2089217
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/03796205.2022.2089217
    Download Restriction: Access to full text is restricted to subscribers.

    File URL: https://libkey.io/10.1080/03796205.2022.2089217?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:rseexx:v:46:y:2022:i:2:p:83-104. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/rsee .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.