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 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 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 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 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 External Debt and Economic Growth in Sub Saharan Africa written by Charlotte Hougaard Møller and published by . This book was released on 2004 with total page 123 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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 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 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 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 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 Debt Relief Plays Key Role in Helping Sub Saharan Africa written by and published by . This book was released on 1990 with total page 4 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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 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 Sub Saharan African Debt Problem written by Mr.Joshua E. Greene and published by International Monetary Fund. This book was released on 1992-07-01 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides updated information on the external debt problem of sub-Saharan Africa. Between 1980 and 1990 the region’s external debt more than tripled, to US$171 billion, while debt service payments and rescheduling rose by more than 150 percent to US$20 billion. In addition, the region continues to qualify as severely debt-distressed. During the last few years the region has benefitted from several new debt initiatives, including a substantial increase in debt cancellation by bilateral creditors and the general application of Toronto terms for debt rescheduling. There are also proposals for further debt assistance, including more liberal rescheduling terms, broader debt forgiveness, and consolidating debt relief and aid generation activities.
Download or read book Impacts of Africa s Growing Debt on Its Growth written by Siddig A. Salih and published by . This book was released on 1994 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The External Debt of Sub Saharan Africa written by Fahrettin Yagcı and published by . This book was released on 1985 with total page 686 pages. Available in PDF, EPUB and Kindle. Book excerpt:
