Public Debt, Economic Growth, and Inflation in African Economies
Author
Abstract
Suggested Citation
Download full text from publisher
Other versions of this item:
- José Augusto Lopes da Veiga & Alexandra Ferreira-Lopes & Tiago Neves Sequeira, 2016. "Public Debt, Economic Growth and Inflation in African Economies," South African Journal of Economics, Economic Society of South Africa, vol. 84(2), pages 294-322, June.
References listed on IDEAS
- Goohoon Kwon & Lavern McFarlane & Wayne Robinson, 2006. "Public Debt, Money Supply, and Inflation: A Cross-Country Study and Its Application to Jamaica," IMF Working Papers 2006/121, International Monetary Fund.
- Mr. Tito Cordella & Mr. Luca A Ricci & Marta Ruiz-Arranz, 2005. "Debt Overhang or Debt Irrelevance? Revisiting the Debt-Growth Link," IMF Working Papers 2005/223, International Monetary Fund.
- Dani Rodrik, 2008. "The Real Exchange Rate and Economic Growth," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 39(2 (Fall)), pages 365-439.
- Carmen M. Reinhart & Kenneth S. Rogoff, 2010.
"Growth in a Time of Debt,"
American Economic Review, American Economic Association, vol. 100(2), pages 573-578, May.
- Carmen M. Reinhart & Kenneth S. Rogoff, 2010. "Growth in a Time of Debt," NBER Working Papers 15639, National Bureau of Economic Research, Inc.
- Reinhart, Carmen M. & Rogoff, Kenneth S., 2010. "Growth in a Time of Debt," Scholarly Articles 11129154, Harvard University Department of Economics.
- Rogoff, Kenneth & Reinhart, Carmen, 2010. "Growth in a Time of Debt," CEPR Discussion Papers 7661, C.E.P.R. Discussion Papers.
- Robert J. Barro, 1991.
"Economic Growth in a Cross Section of Countries,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 106(2), pages 407-443.
- Robert J. Barro, 1989. "Economic Growth in a Cross Section of Countries," NBER Working Papers 3120, National Bureau of Economic Research, Inc.
- Barro, R.J., 1989. "Economic Growth In A Cross Section Of Countries," RCER Working Papers 201, University of Rochester - Center for Economic Research (RCER).
- Easterly, William & Rebelo, Sergio, 1993.
"Fiscal policy and economic growth: An empirical investigation,"
Journal of Monetary Economics, Elsevier, vol. 32(3), pages 417-458, December.
- William Easterly & Sergio Rebelo, 1993. "Fiscal Policy and Economic Growth: An Empirical Investigation," NBER Working Papers 4499, National Bureau of Economic Research, Inc.
- Easterly, William & Rebelo, Sérgio, 1994. "Fiscal Policy and Economic Growth: An Empirical Investigation," CEPR Discussion Papers 885, C.E.P.R. Discussion Papers.
- Iyoha, M.A., 1999. "External Debt and Economic Growth in Sub-SAharan African Countries: an Econometric Study," Papers 90, African Economic Research Consortium.
- Ms. Sandra Marcelino & Ms. Ivetta Hakobyan, 2014. "Does Lower Debt Buy Higher Growth? The Impact of Debt Relief Initiatives on Growth," IMF Working Papers 2014/230, International Monetary Fund.
- James Tobin, 1970.
"Money and Income: Post Hoc Ergo Propter Hoc?,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 84(2), pages 301-317.
- James Tobin, 1969. "Money and Income: Post Hoc Ergo Propter Hoc?," Cowles Foundation Discussion Papers 283, Cowles Foundation for Research in Economics, Yale University.
- Fischer, Stanley, 1993.
"The role of macroeconomic factors in growth,"
Journal of Monetary Economics, Elsevier, vol. 32(3), pages 485-512, December.
- Stanley Fischer, 1993. "The Role of Macroeconomic Factors in Growth," NBER Working Papers 4565, National Bureau of Economic Research, Inc.
- Escobari Diego & Mollick André Varella, 2013.
"Output growth and unexpected government expenditures,"
The B.E. Journal of Macroeconomics, De Gruyter, vol. 13(1), pages 1-33, September.
- Escobari, Diego & Mollick, André Varella, 2013. "Output Growth and Unexpected Government Expenditures," MPRA Paper 48969, University Library of Munich, Germany.
- Markus Eberhardt & Andrea F. Presbitero, 2013.
"This Time They’re Different: Heterogeneity and Nonlinearity in the Relationship between Debt and Growth,"
Discussion Papers
2013/10, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM).
- Mr. Markus Eberhardt & Mr. Andrea F Presbitero, 2013. "This Time They Are Different: Heterogeneity and Nonlinearity in the Relationship Between Debt and Growth," IMF Working Papers 2013/248, International Monetary Fund.
- Markus Eberhardt & Andrea Filippo Presbitero, 2013. "This Time They're Different: Heterogeneity;and Nonlinearity in the Relationship;between Debt and Growth," Mo.Fi.R. Working Papers 92, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
- Mr. Andrea Pescatori & Mr. Damiano Sandri & John Simon, 2014. "Debt and Growth: Is There a Magic Threshold?," IMF Working Papers 2014/034, International Monetary Fund.
- Toan Quoc Nguyen & Mr. Benedict J. Clements & Ms. Rina Bhattacharya, 2003. "External Debt, Public Investment, and Growth in Low-Income Countries," IMF Working Papers 2003/249, International Monetary Fund.
- James Tobin, 1970. "Rejoinder," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 84(2), pages 328-329.
- Huixin Bi & Ms. Wenyi Shen & Ms. Susan S. Yang, 2014. "Fiscal Limits, External Debt, and Fiscal Policy in Developing Countries," IMF Working Papers 2014/049, International Monetary Fund.
- Deshpande, Ashwini, 1997. "The debt overhang and the disincentive to invest," Journal of Development Economics, Elsevier, vol. 52(1), pages 169-187, February.
- Jakob Christensen, 2005. "Special Data Section Domestic Debt Markets in Sub-Saharan Africa," IMF Staff Papers, Palgrave Macmillan, vol. 52(3), pages 1-7.
- BILDIRICI, Melike & ERSIN, Ozgur Omer, 2007. "Domestic Debt, Inflation And Economic Crises: A Panel Cointegration Application To Emerging And Developed Economies," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 7(1).
- Paulo Gala, 2007. "Real Exchange Rate Levels And Economic Development: Theoretical Analysis And Empirical Evidence," Anais do XXXV Encontro Nacional de Economia [Proceedings of the 35th Brazilian Economics Meeting] 037, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
- Goohoon Kwon & Lavern McFarlane & Wayne Robinson, 2009. "Public Debt, Money Supply, and Inflation: A Cross-Country Study," IMF Staff Papers, Palgrave Macmillan, vol. 56(3), pages 476-515, August.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Akingbade U. Aimola & Nicholas M. Odhiambo, "undated".
"Public Debt and Inflation: Empirical Evidence from Ghana,"
Working Papers
AESRIWP06, African Economic and Social Research Institute (AESRI).
- Aimola, Akingbade U & Odhiambo, Nicholas M, 2021. "Public debt and inflation: Empirical evidence from Ghana," Working Papers 27063, University of South Africa, Department of Economics.
- Saungweme Talknice & Odhiambo Nicholas M., 2021.
"Public debt and inflation dynamics: Empirical evidence from Zimbabwe,"
Croatian Review of Economic, Business and Social Statistics, Sciendo, vol. 7(2), pages 14-30, December.
- Saungweme, Talknice & Odhiambo, Nicholas M, 2021. "Public debt and inflation dynamics: Empirical evidence from Zimbabwe," Working Papers 28343, University of South Africa, Department of Economics.
- Nguyen Van Bon, 2015. "The relationship between public debt and inflation in developing countries: Empirical evidence based on difference panel GMM," Asian Journal of Empirical Research, Asian Economic and Social Society, vol. 5(9), pages 128-142, September.
- Bello, Abdulmajeed Kumo & Joshua Adams Ndako & Yusuf, Fadimah & Amodu Amina Ejura, 2023. "Fiscal Dominance and Monetary Policy Efficacy in Nigeria," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 7(10), pages 857-877, October.
- Saungweme Talknice & Odhiambo Nicholas M., 2021.
"Public debt and inflation dynamics: Empirical evidence from Zimbabwe,"
Croatian Review of Economic, Business and Social Statistics, Sciendo, vol. 7(2), pages 14-30, December.
- Saungweme, Talknice & Odhiambo, Nicholas M, 2021. "Public debt and inflation dynamics: Empirical evidence from Zimbabwe," Working Papers 28343, University of South Africa, Department of Economics.
- Saungweme & Odhiambo, 2021. "Public Debt and Inflation Dynamics: Empirical Evidence from Zimbabwe," Working Papers AERI0521, African Economic and Social Research Institute (AESRI).
- Abigail Stiglingh & Lerato Mothibi, 2019. "The link between government expenditure and debt as potential drivers of economic growth in South Africa," Proceedings of International Academic Conferences 9912043, International Institute of Social and Economic Sciences.
- Akingbade U. Aimola & Nicholas M. Odhiambo & Christian Nsiah, 2021.
"Public debt and inflation nexus in Nigeria: An ARDL bounds test approach,"
Cogent Economics & Finance, Taylor & Francis Journals, vol. 9(1), pages 1921905-192, January.
- Aimola, Akingbade U & Odhiambo, Nicholas M, 2021. "Public debt and inflation nexus in Nigeria: An ARDL bounds test approach," Working Papers 27738, University of South Africa, Department of Economics.
- A.U. Aimola & N.M. Odhiambo, 2021. "Public Debt and Inflation Nexus in Nigeria: An ARDL Bounds Test Approach," Working Papers AESRI-2021-09, African Economic and Social Research Institute (AESRI), revised May 2021.
- Dumitrescu Iulia Monica & Crespo Nuno & Simões Nadia, 2018. "Trade Competition Measurement and the Choice of Measurement Indexes," Studia Universitatis Babeș-Bolyai Oeconomica, Sciendo, vol. 63(3), pages 3-14, December.
- Jocelyne Zoumenou, 2023. "On the impact of fiscal policy on inflation: The case of fiscal rules," EconomiX Working Papers 2023-21, University of Paris Nanterre, EconomiX.
- T. Saungweme & N.M. Odhiambo, 2021. "Public Debt and Inflation Dynamics: Empirical Evidence from Zimbabwe," Working Papers AESRI-2021-07, African Economic and Social Research Institute (AESRI), revised Oct 2021.
- Thobeka Ncanywa & Marius Mamokgaetji Masoga, 2018. "Can public debt stimulate public investment and economic growth in South Africa?," Cogent Economics & Finance, Taylor & Francis Journals, vol. 6(1), pages 1516483-151, January.
- Godwin Essang Esu,(PhD), 2023. "Fiscal Imbalances, Economic Growth and Macroeconomic Stability in Nigeria," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 7(8), pages 887-901, August.
- Van Bon Nguyen, 2022. "Does governance matter for the public debt–inflation relationship in developed countries? Panel quantile regression approach," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 93(4), pages 1153-1173, December.
- Aimola Akingbade U. & Odhiambo Nicholas M., 2020. "Public Debt and Inflation: A Review of International Literature," Folia Oeconomica Stetinensia, Sciendo, vol. 20(1), pages 9-24, June.
- Rutayisire, J.Musoni, 2021. "Public debt dynamics and nonlinear effects on economic growth : evidence from Rwanda," MPRA Paper 110931, University Library of Munich, Germany.
- António Afonso, & Emanuel Reis Leão, & Dilson Tiny, & Diptes C. P. Bhimjee, 2017. "Fiscal Sustainability Analysis: The Case of PALOP Economies," Working Papers Department of Economics 2017/14, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
- Chloe Allison & Neryvia Pillay, 2024. "Cash transfers and prices what is the impact of social welfare on prices," Working Papers 11057, South African Reserve Bank.
- Akingbade U. Aimola & Nicholas M. Odhiambo & Christian Nsiah, 2021.
"Public debt and inflation nexus in Nigeria: An ARDL bounds test approach,"
Cogent Economics & Finance, Taylor & Francis Journals, vol. 9(1), pages 1921905-192, January.
- Akingbade U. Aimola & Nicholas M. Odhiambo, "undated". "Public Debt and Inflation Nexus in Nigeria: An ARDL Bounds Test Approach," Working Papers AESRIWP09, African Economic and Social Research Institute (AESRI).
- Aimola, Akingbade U & Odhiambo, Nicholas M, 2021. "Public debt and inflation nexus in Nigeria: An ARDL bounds test approach," Working Papers 27738, University of South Africa, Department of Economics.
- Aimola Akingbade U. & Odhiambo Nicholas M., 2022.
"Is the effect of public debt on inflation symmetric or asymmetric? Evidence from the Gambia,"
Croatian Review of Economic, Business and Social Statistics, Sciendo, vol. 8(1), pages 41-57, June.
- Aimola, Akingbade U & Odhiambo, Nicholas M, 2022. "Is the effect of public debt on inflation symmetric or asymmetric? Evidence from the Gambia," Working Papers 29827, University of South Africa, Department of Economics.
- Busato, Francesco & Albanese, Marina & Varlese, Monica, 2022. "Inflation-based fiscal consolidation: a DSGE approach," MPRA Paper 113838, University Library of Munich, Germany.
- Saungweme Talknice & Odhiambo Nicholas M., 2021.
"Public debt and inflation dynamics: Empirical evidence from Zimbabwe,"
Croatian Review of Economic, Business and Social Statistics, Sciendo, vol. 7(2), pages 14-30, December.
- Talknice Saungweme & Nicholas M. Odhiambo, "undated". "Public Debt and Inflation Dynamics: Empirical Evidence from Zimbabwe," Working Papers AESRIWP07, African Economic and Social Research Institute (AESRI).
- Saungweme, Talknice & Odhiambo, Nicholas M, 2021. "Public debt and inflation dynamics: Empirical evidence from Zimbabwe," Working Papers 28343, University of South Africa, Department of Economics.
- Xiuyun Yang & Muhammad Nouman Shafiq, 2020. "The Impact of Foreign Direct Investment, Capital Formation, Inflation, Money Supply and Trade Openness on Economic Growth of Asian Countries," iRASD Journal of Economics, International Research Alliance for Sustainable Development (iRASD), vol. 2(1), pages 25-34, June.
- Franses, Philip Hans & Janssens, Eva, 2018. "Inflation in Africa, 1960–2015," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 57(C), pages 261-292.
- Aimola, Akingbade U & Odhiambo, Nicholas M, 2021.
"Public debt and inflation: Empirical evidence from Ghana,"
Working Papers
27063, University of South Africa, Department of Economics.
- A.U. Aimola & N.M. Odhiambo, 2021. "Public Debt and Inflation: Empirical Evidence from Ghana," Working Papers AESRI-2021-06, African Economic and Social Research Institute (AESRI), revised Jan 2021.
- Talknice Saungweme & Nicholas M. Odhiambo, "undated". "Public Debt And Inflation Dynamics: Empirical Evidence From Zimbabwe," Working Papers AESRI05, African Economic and Social Research Institute (AESRI).
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Manamba EPAPHRA & William MESIET, 2021. "The external debt burden and economic growth in Africa: a panel data analysis," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(2(627), S), pages 175-206, Summer.
- Ehrhart, Hélène & Minea, Alexandru & Villieu, Patrick, 2014.
"Debt, seigniorage, and the Growth Laffer Curve in developing countries,"
Journal of Macroeconomics, Elsevier, vol. 42(C), pages 199-210.
- Hélène Ehrhart & Alexandru Minea & Patrick Villieu, 2014. "Debt, seigniorage, and the Growth Laffer Curve in developing countries," Post-Print halshs-01413444, HAL.
- Wamboye, Evelyn, 2012. "External debt, trade and FDI on economic growth of least developed countries," MPRA Paper 39031, University Library of Munich, Germany.
- repec:eco:journ1:2014-02-19 is not listed on IDEAS
- Law, Siong Hook & Ng, Chee Hung & Kutan, Ali M. & Law, Zhi Kei, 2021. "Public debt and economic growth in developing countries: Nonlinearity and threshold analysis," Economic Modelling, Elsevier, vol. 98(C), pages 26-40.
- Ikonen, Pasi, 2017. "Financial depth, debt, and growth," Bank of Finland Scientific Monographs, Bank of Finland, volume 0, number e51.
- Morvillier, Florian, 2020. "Do currency undervaluations affect the impact of inflation on growth?," Economic Modelling, Elsevier, vol. 84(C), pages 275-292.
- Yongzheng Yang & Mr. Robert Powell & Mr. Sanjeev Gupta, 2005. "The Macroeconomic Challenges of Scaling Up Aid to Africa," IMF Working Papers 2005/179, International Monetary Fund.
- Tiago Sequeira & Hugo Morão, 2020.
"Growth accounting and regressions: New approach and results,"
International Economics, CEPII research center, issue 162, pages 67-79.
- Sequeira, Tiago & Morão, Hugo, 2020. "Growth accounting and regressions: New approach and results," International Economics, Elsevier, vol. 162(C), pages 67-79.
- Tiago Sequeira & Hugo Morão, 2020. "Growth Accounting and Regressions:new approach and results," Working Papers REM 2020/0113, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
- Panizza, Ugo & Presbitero, Andrea F., 2014.
"Public debt and economic growth: Is there a causal effect?,"
Journal of Macroeconomics, Elsevier, vol. 41(C), pages 21-41.
- Panizza, Ugo & Presbitero, Andrea F., 2012. "Public debt and economic growth: Is there a causal effect?," POLIS Working Papers 168, Institute of Public Policy and Public Choice - POLIS.
- Ugo Panizza & Andrea Filippo Presbitero, 2012. "Public Debt and Economic Growth: Is There a Causal Effect?," Mo.Fi.R. Working Papers 65, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
- Maxime Menuet & Alexandru Minea & Patrick Villieu, 2015.
"Deficit Rules and Monetization in a Growth Model with Multiplicity and Indeterminacy,"
Working Papers
halshs-01199774, HAL.
- Maxime Menuet & Alexandru Minea & Patrick Villieu, 2016. "Deficit Rules and Monetization in a Growth Model with Multiplicity and Indeterminacy," Working Papers halshs-01252332, HAL.
- Patrick VILLIEU & Maxime MENUET & Alexandru MINEA, 2015. "Deficit Rules and Monetization in a Growth Model with Multiplicity and Indeterminacy," LEO Working Papers / DR LEO 2294, Orleans Economics Laboratory / Laboratoire d'Economie d'Orleans (LEO), University of Orleans.
- Talknice Saungweme & Nicholas M. Odhiambo, 2019.
"Does Public Debt Impact Economic Growth in Zambia? An Ardl-Bounds Testing Approach,"
SPOUDAI Journal of Economics and Business, SPOUDAI Journal of Economics and Business, University of Piraeus, vol. 69(4), pages 53-73, October-D.
- Saungweme, Talknice & Odhiambo, Nicholas M, 2019. "Does public debt impact economic growth in Zambia? An ARDL -bounds testing approach," Working Papers 25666, University of South Africa, Department of Economics.
- Haytham Y.M. Ewaida, 2017. "The Impact of Sovereign Debt on Growth: An Empirical Study on GIIPS versus JUUSD Countries," European Research Studies Journal, European Research Studies Journal, vol. 0(2A), pages 607-633.
- Florian Morvillier, 2018. "The role of exchange rate undervaluations on the inflation-growth nexus," Working Papers hal-04141804, HAL.
- Florian Morvillier, 2019. "Do currency undervaluations affect the impact of inflation on growth?," Post-Print hal-02138677, HAL.
- Sin-Yu Ho & Bernard Njindan Iyke, 2020.
"The Determinants of Economic Growth in Ghana: New Empirical Evidence,"
Global Business Review, International Management Institute, vol. 21(3), pages 626-644, June.
- Ho, Sin-Yu & Njindan Iyke, Bernard, 2018. "The Determinants of Economic Growth in Ghana: New Empirical Evidence," MPRA Paper 87123, University Library of Munich, Germany.
- Stefanescu, Răzvan & Dumitriu, Ramona, 2015. "Creşterea economică a României între 1980 şi 2013 [The Economic Growth of Romania between 1980 and 2013]," MPRA Paper 61592, University Library of Munich, Germany.
- Taner Turan & Halit Yanıkkaya, 2021. "External debt, growth and investment for developing countries: some evidence for the debt overhang hypothesis," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 20(3), pages 319-341, September.
- Swastika, Purti & Dewandaru, Ginanjar & Masih, Mansur, 2013. "The Impact of Debt on Economic Growth: A Case Study of Indonesia," MPRA Paper 58837, University Library of Munich, Germany.
- Florian Morvillier, 2018. "The role of exchange rate undervaluations on the inflation-growth nexus," EconomiX Working Papers 2018-15, University of Paris Nanterre, EconomiX.
- Goldberg, Andrew & Romalis, John, 2015. "Public Debt and Growth in U.S. States," Working Papers 2015-10, University of Sydney, School of Economics.
More about this item
Keywords
Public Debt; Economic Growth; Inflation; African Countries;All these keywords.
JEL classification:
- E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
- E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
- H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
- O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
NEP fields
This paper has been announced in the following NEP Reports:- NEP-AFR-2014-07-28 (Africa)
Statistics
Access and download statisticsCorrections
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:pra:mprapa:57377. 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.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.