The Effect of Foreign Debt on Economic Growth in Sub-Saharan African Sub-Regions

The Effect of Foreign Debt on Economic Growth in Sub-Saharan African Sub-Regions

The main objective of this paper is to verify the effect of foreign debt on economic growth in sub-Saharan African sub-regions from 1980 to 2017. The paper applies the Generalized Method of Moments (GMM) with robust standard deviations using the Lewbel’s estimator (2012). Results indicate that forei...

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Main Authors: Arsène Aurelien NJAMEN KENGDO, Luc NEMBOT NDEFFO, Désiré AVOM
Format: Article
Language:English
Published: Dunarea de Jos University of Galati 2020-05-01
Series:Annals of Dunarea de Jos University. Fascicle I : Economics and Applied Informatics
Subjects:
foreign debt
lewbel’s estimator
Online Access:http://www.eia.feaa.ugal.ro/images/eia/2020_1/Njamen_Kendo_Nembot_Ndeffo_Avom.pdf
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spelling doaj-0577541d975e4903b103c3bac88d2ff42020-11-25T03:16:24ZengDunarea de Jos University of GalatiAnnals of Dunarea de Jos University. Fascicle I : Economics and Applied Informatics1584-04091584-04092020-05-0126110911410.35219/eai1584040988The Effect of Foreign Debt on Economic Growth in Sub-Saharan African Sub-RegionsArsène Aurelien NJAMEN KENGDO0Luc NEMBOT NDEFFO1Désiré AVOM2University of Dschang, Faculty of Economics and Management/CERME, Dschang, CameroonUniversity of Dschang, Faculty of Economics and Management/CERME, Dschang, CameroonUniversity of Dschang, Faculty of Economics and Management/CERME, Dschang, CameroonThe main objective of this paper is to verify the effect of foreign debt on economic growth in sub-Saharan African sub-regions from 1980 to 2017. The paper applies the Generalized Method of Moments (GMM) with robust standard deviations using the Lewbel’s estimator (2012). Results indicate that foreign debt significantly enhances growth in four zones (SADC, EAC, CEMAC and ECOWAS) with different bearable thresholds. This seems to suggest that creditors may be aware that countries do not exceed their bearable threshold at least at regional level.http://www.eia.feaa.ugal.ro/images/eia/2020_1/Njamen_Kendo_Nembot_Ndeffo_Avom.pdfforeign debtlewbel’s estimator
collection DOAJ
language English
format Article
sources DOAJ
author Arsène Aurelien NJAMEN KENGDO
Luc NEMBOT NDEFFO
Désiré AVOM
spellingShingle Arsène Aurelien NJAMEN KENGDO
Luc NEMBOT NDEFFO
Désiré AVOM
The Effect of Foreign Debt on Economic Growth in Sub-Saharan African Sub-Regions
Annals of Dunarea de Jos University. Fascicle I : Economics and Applied Informatics
foreign debt
lewbel’s estimator
author_facet Arsène Aurelien NJAMEN KENGDO
Luc NEMBOT NDEFFO
Désiré AVOM
author_sort Arsène Aurelien NJAMEN KENGDO
title The Effect of Foreign Debt on Economic Growth in Sub-Saharan African Sub-Regions
title_short The Effect of Foreign Debt on Economic Growth in Sub-Saharan African Sub-Regions
title_full The Effect of Foreign Debt on Economic Growth in Sub-Saharan African Sub-Regions
title_fullStr The Effect of Foreign Debt on Economic Growth in Sub-Saharan African Sub-Regions
title_full_unstemmed The Effect of Foreign Debt on Economic Growth in Sub-Saharan African Sub-Regions
title_sort effect of foreign debt on economic growth in sub-saharan african sub-regions
publisher Dunarea de Jos University of Galati
series Annals of Dunarea de Jos University. Fascicle I : Economics and Applied Informatics
issn 1584-0409
1584-0409
publishDate 2020-05-01
description The main objective of this paper is to verify the effect of foreign debt on economic growth in sub-Saharan African sub-regions from 1980 to 2017. The paper applies the Generalized Method of Moments (GMM) with robust standard deviations using the Lewbel’s estimator (2012). Results indicate that foreign debt significantly enhances growth in four zones (SADC, EAC, CEMAC and ECOWAS) with different bearable thresholds. This seems to suggest that creditors may be aware that countries do not exceed their bearable threshold at least at regional level.
topic foreign debt
lewbel’s estimator
url http://www.eia.feaa.ugal.ro/images/eia/2020_1/Njamen_Kendo_Nembot_Ndeffo_Avom.pdf
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