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External Debt, Institutional Quality and Economic Growth in East African Countries

Journal of East-West Business, 2023
This study aimed to analyze the impact of external debt on economic growth with mediating role of institutional quality by employing a heterogeneous panel Autoregressive distributed lag (ARDL) model through a pooled mean group (PMG) estimator over ...
T. Alemu   +2 more
semanticscholar   +1 more source

External Debt Accumulation and Foreign Direct Investment Inflows in Sub-Saharan Africa: Analysing the Interaction Effects of Selected Macroeconomic Factors

The Review of Black political economy, 2022
By pooling a sample of 25 countries spanning from 1990–2017, this study analyzed the relationship between external debt accumulation and foreign direct investment inflows in Sub-Saharan Africa.
Chukwuebuka Bernard Azolibe
semanticscholar   +1 more source

External Debt Management in Romania [PDF]

open access: possibleSSRN Electronic Journal, 2013
This paper approaches the evolution of Romania’s foreign debt in three periods of time: during Nicolae Ceausescu regime, in the transition period and the one which followed the adhesion to European Union. For all three periods the external debt management had to deal with different circumstances: the sharp increase of real interest rates from the 1980s,
Dumitriu, Ramona, Stefanescu, Razvan
openaire   +1 more source

Commodity Windfalls, Democracy and External Debt [PDF]

open access: possibleThe Economic Journal, 2012
We examine the effects that windfalls from international commodity price booms have on external debt in a panel of 93 countries during the period 1970–2007. Our main finding is that increases in the international prices of exported commodity goods lead to a significant reduction in the level of external debt in democracies but to no significant ...
Arezki, Rabah, Bruckner, Markus
openaire   +4 more sources

Growing external debt and declining export: The concurrent impediments in economic growth of Sub-Saharan African countries

, 2020
This study investigates the impact of external debt and export on economic growth of Sub-Saharan African countries, using ARDL panel model and appropriate estimation techniques. The estimation results reveal insignificant positive impact of both external
S. Edo   +2 more
semanticscholar   +1 more source

The long-term consequences of external debt: Revisiting the evidence and inspecting the mechanism using panel VARs

, 2020
We estimate a panel vector autoregression model to examine the relationship between external debt and economic growth. We use a large dataset based on 123 countries, classified according to income levels over the period 1990–2015.
Irfan A. Qureshi, Zara Liaqat
semanticscholar   +1 more source

Cyclicality of taxes and external debt

Applied Economics, 2015
Vegh and Vuletin (2015) have shown that statutory tax rates are acyclical in developed economies and procyclical in developing ones. This paper extends their analysis by checking the interaction of statutory tax rates with the external public debt. After building a simple model that shows that developing countries are expected to have a lower threshold
Noa Srebrnik, Michel Strawczynski
openaire   +1 more source

Reforming external debt governance in Turkey to reach external debt sustainability

Journal of Asian Economics
The paper argues that the attainment and maintenance of external debt sustainability is challenging, and that it is not a choice. A country whose government fails to respect external debt sustainability would eventually default on its external debt. But in the case of default the penalty is the inability to borrow in international markets, and hence ...
Aslı Togan, Sübidey Togan
openaire   +2 more sources

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