Investigation empirique des effets non-linéaires de la dette publique sur la croissance économique dans les pays d’Afrique subsaharienne (ASS) dans un contexte de réendettement : cas des pays pauvres très endettes
| Autor: | Essosinam Franck KARABOU |
|---|---|
| Rok vydání: | 2022 |
| Zdroj: | Revue Internationale des Économistes de Langue Française. 7:76-94 |
| ISSN: | 2727-0831 2551-895X |
| DOI: | 10.18559/rielf.2022.1.5 |
| Popis: | This paper analyzes the non-linear effects of public debt on economic growth in heavily indebted poor countries of sub-Saharan Africa (SSA) in a context of re-indebtedness. The methodology adopted is based on a non-linear dynamic panel model with a threshold effect (First Difference Generalized Method of Moments (FD-GMM)). The period covered is from 2010 to 2019. The results after estimations reveal the existence of a threshold of 58,21% below which the stock of debt has a significant positive impact on economic growth and above which public debt has a significant negative impact on economic growth. In parallel to this first order result, we also find that variables such as trade openness and inflation improve economic growth below the critical debt threshold. |
| Databáze: | OpenAIRE |
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