External Debt and Economic Growth in Sub-SAharan African Countries: an Econometric Study
AbstractThis econometric study takes a simulation approach to investigate the impact of external debt on economic growth in sub-Saharan African countries using a small macroeconomic model estimated for 1970-1994. An important finding was the significance of debt overhang variables in the investment equation, suggesting that mounting external debt depresses investment through both a "disincentive" effect and a "crowding out" effect.
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Bibliographic InfoPaper provided by African Economic Research Consortium in its series Papers with number 90.
Length: 53 pages
Date of creation: 1999
Date of revision:
Contact details of provider:
Postal: African Economic Research Consortum, P.O. Box 62882, Nairobi, Kenya
Phone: (254-2) 228057
Fax: (254-2) 219308
Web page: http://www.aercafrica.org/
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ECONOMETRICS ; ECONOMIC GROWTH ; DEBT ; AFRICA;
Find related papers by JEL classification:
- O55 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Africa
- C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General
- O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
- F34 - International Economics - - International Finance - - - International Lending and Debt Problems
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- Idlemouden, Khadija & Raffinot, Marc, 2005. "Le fardeau virtuel de la dette extérieure. Une revue de la littérature à l'aune de l'initiative « pays pauvres très endettés » (PPTE)," Economics Papers from University Paris Dauphine 123456789/4089, Paris Dauphine University.
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