Crise de la dette et détresse sociale du peuple congolais

Debt crisis and social distress of the Congolese

Akhenaton Izu ()

MPRA Paper from University Library of Munich, Germany

Abstract: The objective of this paper is to highlight the idea according to wish the current misery of the DRC would be mainly dependent on the debt crisis of the years 1970-1980. To analyze this problem, the econometric approach was privileged and more precisely the cointegration. By the cointegration, one seeks to know if there is a long-term relation between the debt in% of the GDP and the GDP per capita. After deepened analyses, it was found that the weight of the external debt, with through the ousting of the welfare expenditures and the investments, had a negative effect on the population well-being. The undertaken studies reveal when the debt in % of the GDP increases by 10%, the GDP per capita decreases by 6.5% in short-term and by 23% in long-term.

Keywords: Well-being; Cointegration; External debt; Investments; Democratic Republic of Congo. (search for similar items in EconPapers)
JEL-codes: C22 D60 E22 H63 O47 (search for similar items in EconPapers)
Date: 2014-04-11, Revised 2015-02-05
New Economics Papers: this item is included in nep-hap and nep-mac
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Published in Journal Jeune économiste 120.16(2015): pp. 60-76

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