Dette extérieure et croissance économique en Afrique subsaharienne: évidence d’une hétérogénéité des seuils

Mohamed Tidjane Kinda and Pam Zahonogo

Mondes en développement, 2021, vol. n° 195, issue 3, 129-152

Abstract: This study analyzes the long-term impact of external debt on the growth of the economies of sub-Saharan Africa. Based on a heterogeneous panel model estimated by the pooled mean group (PMG) method over the period 1980? 2012, the study shows the presence of a debt threshold of 23.05 % of GDP (respectively 155.92 % of exports). In addition, there is a heterogeneity in the distribution of debt thresholds, which is explained by the quality of institutions. Also, the increase in debt has a negative impact on economic growth in both resource-rich and resource-poor countries. However, resource-poor countries are more affected than resource-rich countries.

Keywords: growth; external debt; sub-Saharan Africa; heterogeneous panel (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:cai:meddbu:med_195_0129

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