External Indebtedness and Economic Growth in the Maghreb Countries

Esharif Adnan Ahmed () and Saleh Imen
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Esharif Adnan Ahmed: University of Sfax, Faculty of Economics and Management of Sfax, Tunisia.
Saleh Imen: University of Sfax, Faculty of Economics and Management of Sfax, Tunisia.

Zagreb International Review of Economics and Business, 2024, vol. 27, issue 2, 101-132

Abstract: The objective of this article is to study the nature of the relationship between external indebtedness and economic activity. This work will make it possible to know the effect of the external debt on the economic performance in the Maghreb countries (Tunisia, Algeria and Morocco), which will allow the authorities to lay new foundations in the orientation of the external debt. This study sets the general objective of expressing the linear relationship between indebtedness and economic growth in the three Maghreb countries: Tunisia, Algeria and Morocco between 1970 and 2018, i.e. a total of T=49 observations per countries (N=3). So, in sum, our model allows us to affirm that the impact of debt on the growth of the 3 Arab Maghreb countries is positive and not significant. This result means that in this segment, debt has no direct impact on growth.

Keywords: External indebtedness; economic growth; ARDL (search for similar items in EconPapers)
JEL-codes: C51 H3 O4 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:zirebs:v:27:y:2024:i:2:p:101-132:n:1005

DOI: 10.2478/zireb-2024-0019

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