Public debt and women’s fertility: a reassessment from a global perspective

Samba Michel Cyrille and Seabrook Arthur Mveng

Oxford Development Studies, 2025, vol. 53, issue 2, 119-131

Abstract: This study empirically investigates the impact of public debt on women’s fertility. The study employs a dynamic common correlated mean group technique using data from a global sample of 78 countries, among which were 38 African and 40 non-African countries, for the period 1992–2018 to examine this linkage. Public debt is measured by external debt stocks, public and publicly guaranteed, while women’s fertility is captured by the fertility rate. This paper shows that public debt is positively associated with women’s fertility. Moreover, the degree of the impact of public debt on women’s fertility is relatively greater in African countries as compared to non-African countries. Therefore, if African and non-African countries want to reduce women’s fertility, they will have to reduce their level of public debt.

Date: 2025
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DOI: 10.1080/13600818.2025.2467174

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