Download or read book External Debt and Economic Growth in Sub Saharan African Countries written by Milton A. Iyoha and published by . This book was released on 1999 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book External Debt and Economic Growth in Sub Saharan Africa written by Atakilt Hagos and published by LAP Lambert Academic Publishing. This book was released on 2011-03 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: The effect of external debt on economic growth has been among the contentious issues. Based on panel data for 44 Sub-Saharan African countries for a period of over 30 years, this book reveals that external debt stock and debt services are found to have a statistically significant negative impact on economic growth especially at higher debt levels of debt/GDP ratio. The growth maximizing level of debt stock ranges from 25% to 45% of GDP. Furthermore, external debt affected growth by adversely affecting human capital formation. Debt service payments are also found to have the "crowding out" effects on private investment. The implication of these findings is that countries in Africa should align their public policies towards maintaining a sustainable level of indebtedness, improve the quality of their man power, enhance good governance and control corruption. In addition to the provision of new loans, developed countries and multilateral institutions should foster development cooperation and fairer trade for Africa. Postgraduate students and other researchers will benefit by reading this book as it adds value to the theoretical and empirical literature on external debt.

Download or read book External Debt and Economic Growth in Sub Saharan Africa written by Atakilt Hagos Baraki and published by . This book was released on 2005 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book External Assistance and Policies for Growth in Africa written by Mrs.Claire Liuksila and published by International Monetary Fund. This book was released on 1995-12-15 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt: This booklet is a collection of papers presented at a seminar on policies for growth in Africa, held in Paris in February 1995 and sponsored by the Ministry of Finance of Japan. The seminar focused on four broad themes: how to enable the private sector to play a lead role in the growth process in Africa; how to boost domestic savings and help the financial sector to contribute to the mobilization and efficient us of resources; how to facilitate foreign aid and make it more effective; and, what are the essential elements of sound debt management practices?

Download or read book External Debt and Capital Flight in Sub Saharan Africa written by Mr.Mohsin S. Khan and published by International Monetary Fund. This book was released on 2000-05-12 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mounting external debt and large-scale capital flight have been at the forefront of Africa's economic problems since the 1980s. External Debt and Capital Flight in Sub-Saharan Africa, edited by S. Ibi Ajayi and Mohsin S. Khan, takes a penetrating look at debt and capital flight during the 1990s in Ghana, Kenya, Nigeria, Tanzania, and Uganda. The book describes the size and composition of debt in the selected countries and examines the causes of the debt buildup. It also assesses the extent of capital flight and suggests ways of stemming the flight of financial resources.

Download or read book The Effect of External Debt on Economic Growth in Sub Saharan Africa written by Bernardin Senadza and published by . This book was released on 2018 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt: Purpose: This paper examines the effect of external debt on economic growth in Sub-Saharan Africa (SSA) in view of an upsurge in the level of external debt in many countries on the continent. Design/methodology/approach: The paper uses annual data for 39 SSA countries from 1990 to 2013 and employs the System Generalised Methods of Moments (GMM) estimation technique. Findings: The paper finds that external debt negatively affects economic growth in SSA. Categorization of countries based on per capita income however does not affect the external debt-growth nexus, neither does there exist a non-linear relationship between external debt and economic growth. Research limitations/implications: The finding of a negative relationship between external debt and growth does not necessarily imply that SSA countries should cut back on foreign borrowing in other to boost growth. Rather, given the huge savings gaps in some of the countries, what governments in SSA must do is to ensure that the foreign loans are invested in projects that would eventually generate enough returns to amortize the debt. Originality/value: Not only does the present paper extend to more recent data but we also apply one of the frontier econometric techniques - the system GMM approach - to unravel the external debt-economic growth dynamics in SSA.

Download or read book The External Debt Problem of Sub Saharan Africa written by International Monetary Fund and published by International Monetary Fund. This book was released on 1989-03-17 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: The massive external debt burden of Sub-Saharan Africa has gained widespread attention as a serious policy issue during the past few years. This paper reviews recent trends in the debt levels and economic performance of Sub-Saharan countries and assesses a number of proposals for reducing their external debt service obligations. There is also a discussion of the modalities of various debt relief proposals that have been advanced.

Download or read book Sub Saharan Africa s External Debt Crisis An exposition of the origins and causal factors written by M. S. Mukras and published by . This book was released on 2001 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Debt Growth Link in Sub Saharan Africa written by Chinedu Chinedu and published by LAP Lambert Academic Publishing. This book was released on 2011-01 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt: Following the economic crisis that hit most developing countries in the early 1980s, public deficits and the stock of foreign debt in Cameroon consistently grew over the two decades to the beginning of the 21st century. While it has been argued that foreign currency debt and widening budget deficits are impediments to economic growth in Sub-Saharan Africa, the differences in socio-economic conditions across these countries make generalisations about them inadequate. This book provides an insight into the particular case of Cameroon by assessing the relationship between its external debt and economic growth rate. The in-depth analysis of the country's debt profile, contained in this book, would be useful for both scholars and policy-makers who seek a better understanding of the debt-growth nexus.

Download or read book An Analysis of External Debt and Capital Flight in the Severely Indebted Low Income Countries in Sub Saharan Africa written by Mr.Simeon Inidayo Ajayi and published by International Monetary Fund. This book was released on 1997-06-01 with total page 63 pages. Available in PDF, EPUB and Kindle. Book excerpt: The general objective of this study is to analyze the external debt and debt burdens of the severely indebted sub-Saharan African countries, estimate the magnitude of capital flight from them, and relate the estimate of capital flight to some macroeconomic aggregates. The study also contains policy implications of international efforts to deal with the high levels of external debt in sub-Saharan Africa in conditions of extreme poverty, and stagnant and declining exports. It questions the theoretical foundation in which the external debt strategy has been based and offers solutions to the external debt problem.

Download or read book Debt Development and Equity in Africa written by Karamo N. M. Sonko and published by University Press of America. This book was released on 1994 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book assesses the impact of the African debt crisis on poverty. The author studies the relationship between debt and socio-economic development in Sub-Saharan Africa. Furthermore, Sonko analyzes the impact of debt-induced expenditure adjustments, including budgetary retrenchment in an African economy undergoing structural adjustment. Sustainable, self-reliant development, debt relief, and the redesign of structural adjustment programs to make them less controversial and more effective in Africa are required. The overall analysis is conducted with a view to what the author refers to as the "state of global interconnectedness," implying the need for global economic policy coordination and assistance in finding solutions to Africa's development problems. Contents: The Debt Burden: Trends, Causes and Comparative Analysis; Debt and Development; Debt, Adjustment and Equity; Structural Adjustment Programs: Criticisms, Evolution and Forms for the 1990s; The African Debt Crisis: What Can and Should be Done? Summary and Concluding Remarks; Appendix; Bibliography; Index.

Download or read book Sub Saharan Africa s External Debt Crisis The dimension of economic decline written by M. S. Mukras and published by . This book was released on 2001 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Africa s Odious Debts written by Professor Léonce Ndikumana and published by Zed Books Ltd.. This book was released on 2011-10-13 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Africa's Odious Debts, Boyce and Ndikumana reveal the shocking fact that, contrary to the popular perception of Africa being a drain on the financial resources of the West, the continent is actually a net creditor to the rest of the world. The extent of capital flight from sub-Saharan Africa is remarkable: more than $700 billion in the past four decades. But Africa’s foreign assets remain private and hidden, while its foreign debts are public, owed by the people of Africa through their governments. Léonce Ndikumana and James K. Boyce reveal the intimate links between foreign loans and capital flight. Of the money borrowed by African governments in recent decades, more than half departed in the same year, with a significant portion of it winding up in private accounts at the very banks that provided the loans in the first place. Meanwhile, debt-service payments continue to drain scarce resources from Africa, cutting into funds available for public health and other needs. Controversially, the authors argue that African governments should repudiate these ‘odious debts’ from which their people derived no benefit, and that the international community should assist in this effort. A vital book for anyone interested in Africa, its future and its relationship with the West.

Download or read book An Analysis of the Relationship Between External Debt Institutional Quality and Economic Growth in Sub Saharan African Countries written by and published by . This book was released on 2020 with total page 231 pages. Available in PDF, EPUB and Kindle. Book excerpt: External debt -- Institutional quality -- Economic growth -- Threshold -- Panel ARDL -- Pooled mean group -- Sub-Saharan Africa

Download or read book External Financing and Economic Growth in Sub Saharan Africa written by Joe Willie Essuman and published by . This book was released on 1987 with total page 732 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Debt Growth and the Prospects for Debt Reduction The Case of Sub Saharan African Countries written by International Monetary Fund and published by International Monetary Fund. This book was released on 1989-09-12 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the causes of growth of Africa’s debt burden, and discusses the factors that induced African countries to seek external loans as well as the factors affecting the supply of external financing. The paper studies the development of some measures of debt burden for different categories of African debtors, and arrives at a hypothesis regarding feasible levels of debt and debt service ratios. In a final section, the paper discusses the options for debt relief using a simulation of payments ability.

Download or read book Public Debt and Economic Growth written by Alfred Greiner and published by Springer Science & Business Media. This book was released on 2009-07-24 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: Starting point of this book is the observation that an increase in public debt must be accompanied by a rise in the primary surplus of the government to guarantee sustainability of public debt. The book first elaborates on that principle from a theoretical point of view and then tests whether empirical evidence for that rule can be found. Additional tests are implemented to gain further evidence on sustainability of public debt. In order to allow for time varying coefficients penalized spline estimations are performed. The theoretical chapters present endogenous growth models and assume that the primary surplus rises as public debt increases so that sustainability of public debt is given. Implications of public deficits and debt are studied assuming full employment and for unemployment. The conclusion summarizes the findings and compares the results of the different models. Finally, policy implications are given showing how governments should deal with high public debt to GDP ratios.