Redirigiendo al acceso original de articulo en 17 segundos...
ARTÍCULO
TITULO

Public Debt and Economic Growth: Evidence From Africa

Emmanuel Yeboah Lartey    
Alhassan Musah    
Bismark Okyere    
Abdul-Nasir Yusif    

Resumen

There is no doubt that every country needs funding to foster economic growth and development. However, such funding needs to be at levels deemed sustainable and closely in line with the government?s fiscal and monetary policies. To this end, there is an urgent need for policymakers in governments, central banks, and international policy organizations to understand the effects of public debt on economic growth. This study used 50 African countries from 1980 to 2015 to assess the impact of public debt on economic growth.  The study employed an Ordinary Least Square (OLS) estimation technique for a static panel regression model and the Generalised Method of Moment (GMM) estimation technique for a dynamic panel regression model for the analysis. The empirical results from both estimation techniques suggest a statistically significant negative relationship between public debt and economic growth. The results also provide evidence that the relationship between public debt and economic growth is non-linear. The study also found that inflation and government consumption expenditure have a statistically significant negative relationship with economic growth whereas capital formulation, population growth and openness of trade have a statistically significant positive relationship with economic growth.Keywords: Public Debt, Economic Growth, OLS, GMMJEL Classifications: F33, F34, F35, O11DOI: https://doi.org/10.32479/ijefi.7057

 Artículos similares

       
 
Vietha Devia Sagita Sumantri,(Universitas BrawijayaIndonesia)Faishal Fadli,(Universitas BrawijayaIndonesia)     Pág. 102 - 114
This study aims to examine the movement of macroeconomic variables, especially inflation and exchange rates. Inflation affects the exchange rate through the Law of One Price and Purchasing Power Parity, while the exchange rate affects inflation through t... ver más

 
GHEORGHE MOROSAN     Pág. 139 - 147

 
Md. Tahidur Rahman,Syed Zabid Hossain,Md. Anwarul Haque     Pág. 67 - 75
This study intended to explore when and how often fixed asset revaluation (FAR) is practiced in Bangladesh and explain the impacts of FAR on net asset value (NAV), stock prices, and debts of companies. Based on 175 listed companies on the Dhaka Stock Exc... ver más

 
Amjad S. Qwader,Sulieman D. Aloshaibat     Pág. 88 - 96
This study aims to identify the role of the main components of the public budget for influencing public debt in Jordan through an econometric study. In particular, the EViews 9 program is applied to the annual time series of public debt, current expendit... ver más

 
Bianca Giannini,Chiara Oldani     Pág. 385 - 395
L?indebitamento e la sua sostenibilità sono elementi cruciali per determinare la solidità delle finanze pubbliche, ma la risposta alla domanda ?quanto debito dovrebbe emettere il settore dell?amministrazione pubblica? non è univoca. La sostenibilità del ... ver más
Revista: Moneta e Credito