Public debt and economic growth nexus in sub-saharan Africa: does institutional quality matter?

IF 1.4 Q3 ECONOMICS

International Review of Applied Economics Pub Date : 2023-04-20 DOI:10.1080/02692171.2023.2205107

Clement Oppong, Abukari Salifu Atchulo, Shenell Fatia Oman

引用次数: 1

Abstract

ABSTRACT This paper investigates the effect of institutional quality and public debt on economic growth among sub-Saharan African countries. The study employs the System Generalized Method of Moments (SGMM) and the Fixed Effect techniques on data from 35 Sub Saharan African countries (sourced from the World Development Indicators (WDI) and the World Governance Index (WGI) databases from 2010 to 2020). The results reveal that institutional quality has a significantly negative effect on public debt; public debt has a significantly negative effect on economic growth; and institutional quality has a significantly positive effect on economic growth. This suggests that countries with weak institutions may have debt overhang deleterious to economic growth.

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撒哈拉以南非洲的公共债务和经济增长关系:制度质量重要吗?

本文研究了制度质量和公共债务对撒哈拉以南非洲国家经济增长的影响。该研究对35个撒哈拉以南非洲国家的数据（来源于2010年至2020年的世界发展指标和世界治理指数数据库）采用了系统广义矩方法和固定效应技术。研究结果表明，制度质量对公共债务具有显著的负向影响；公共债务对经济增长具有显著的负面影响；制度质量对经济增长具有显著的正向影响。这表明，机构薄弱的国家可能存在对经济增长有害的债务负担。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

International Review of Applied Economics ECONOMICS-

CiteScore

4.30

自引率

4.50%

发文量

期刊介绍： International Review of Applied Economics is devoted to the practical applications of economic ideas. Applied economics is widely interpreted to embrace empirical work and the application of economics to the evaluation and development of economic policies. The interaction between empirical work and economic policy is an important feature of the journal. The Journal is peer reviewed and international in scope. Articles that draw lessons from the experience of one country for the benefit of others, or that seek to make cross-country comparisons are particularly welcomed. Contributions which discuss policy issues from theoretical positions neglected in other journals are also encouraged.