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External Public Debt and Economic Growth in Kenya

International Journal of Scientific and Research Publications (IJSRP), 2018
This seeks to examine the relationship between external public indebtedness and economic growth in Kenya. It employs time series data for the period 1970 2010 from World Development Indicators and Kenya National Bureau of Statistics. The study objectives
Ruth Muendi Muinga
semanticscholar   +3 more sources

The external public debt in the Caribbean Community

Journal of Policy Modeling, 2010
A notable build-up in the foreign debt stock of the Caribbean Community (CARICOM) has been observed in recent years. By employing recent developments in panel unit root and co-integration analysis, this paper finds the major contributing factors to be: the output gap, real effective exchange rate, exports, real interest rate and current deviation of ...
K. Greenidge   +2 more
semanticscholar   +3 more sources

Domestic versus External Public Debt in Jordan: an Empirical Investigation

المجلة الأردنية للعلوم الاقتصادية, 2016
The purpose of this study is to investigate the growth implications of public debt in Jordan, disentangling the effects of external and domestic components.
Nooh Alshyab
semanticscholar   +2 more sources

Determinants of External, Domestic, and Total Public Debt in Nigeria: The Role of Conflict, Arms Imports, and Military Expenditure

Defence and Peace Economics, 2022
Nigeria’s external and domestic debt have been rising very rapidly in recent years despite the crushing weight of debt burden that almost crippled its economy in previous decades. This study examines the likely determinants of public debt in Nigeria over
Princewill U. Okwoche, E. Nikolaidou
semanticscholar   +1 more source

Current state and prospects of resolution of public external debt problem in Russia

Mezhdunarodnaja jekonomika (The World Economics), 2022
The article provides a comprehensive analysis of public external debt problem in Russia in period of 1991–2021. The author highlights and characterizes five stages of the debt problem development.
Y. B. Kravchenko
semanticscholar   +1 more source

Growth via External Public Debt and Capital Controls

International Economic Review, 1992
This paper analyzes strategies for economic growth in a small, open, overlapping-generations economy that has access to perfect international capital markets and is characterized in autarky by multiple, locally stable, stationary equilibria. The study designs a growth scheme consisting of external public debt and controls on private capital outflows ...
Dellas, Harris, Galor, Oded
openaire   +2 more sources

The Interplay Between Public and Private External Debt Stocks

International Finance, 2016
AbstractUsing a sample of 48 emerging and developing countries in the 1970–2012 period, we investigated the interactions between the stock of sovereign debt and the quantity of corporate external borrowing. We found that public external debt hinders private‐sector access to external loan and bond markets.
Joanna Siwińska-Gorzelak   +1 more
openaire   +2 more sources

The equivalence of the burden of internal and external public debt

Economics Letters, 1985
Abstract Abba Lerner's thesis that internal public debt involves no burden to the national economy, but that external public debt does involve a genuine burden, is re-examined. Application of the Ricardian equivalence theorem implies that there is no such asymmetry.
openaire   +2 more sources

Second-best public debt with human capital externalities

Journal of Economic Dynamics and Control, 2006
This paper studies optinnal public debt in a dynastic model with human capital externalities that cause human capital investment (fertility) to be below (above) its socially optimal level. By reducing fertility and raising human capital investment, the optimal debt can exceed 10% of output for plausible parameterizations.
Jie Zhang, Jie Zhang
openaire   +3 more sources

PUBLIC EXTERNAL DEBT AND ITS IMPACT ON EXCHANGE RATE IN NIGERIA

International Journal of Advanced Studies in Business Strategies and Management, 2020
The study is an attempt to empirically examine the impact of public external debt on exchange rate in Nigeria. The nature of data for this study is secondary data and the major source of data is the Statistical Bulletin published annually by the Central Bank of Nigeria (CBN) December, 2018.The study used Ordinary Least Squares (OLS) and Error ...
Iyakwari Baba   +2 more
openaire   +1 more source

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