Econometric analysis of public debt on economic growth in Senegal

Analyse économétrique de l’impact de la dette publique sur la croissance économique du Sénégal

David Dione ()
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David Dione: LARSES - Laboratoire d'Etude et de Recherche en Sciences Economiques et Sociales - UASZ - Université Assane Seck de Ziguinchor [Sénégal]

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Abstract: Public debt represents the sum of all loans taken out by governments that have not yet been repaid. Since gaining independence, Senegal, like many countries, has resorted to both external and domestic borrowing to finance its economy. However, this debt has only increased year after year. In fact, at the end of 2024, Senegal was the most indebted country on the African continent, with an estimated public debt of 118.8% (IMF, 2024). If this situation persists, one of the consequences could be financial instability, which could permanently compromise the country's economic growth. Based on this observation, the objective of this article is to study the impact of public debt on economic growth in Senegal. To this end, a number of variables were used, all taken from the World Bank database covering the period 1980 to 2024. Based on a rigorous and appropriate methodological approach (ARDL method), our results show that public debt has a negative impact on Senegal's economic growth. Our recommendations are to channel public debt funds into areas such as education, infrastructure, and human capital development, which would generate sustained long-term growth for the country.

Keywords: "Dette publique"; "Croissance économique"; "Sénégal" (search for similar items in EconPapers)
Date: 2025-08-31
New Economics Papers: this item is included in nep-fdg
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Published in African Scientific Journal, 2025, 3 (31), pp.1658-1672. ⟨10.5281/zenodo.17101065⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-05252429

DOI: 10.5281/zenodo.17101065

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