Economics at your fingertips  

External Debt and Economic Growth in Sub-SAharan African Countries: an Econometric Study

M.A. Iyoha

Working Papers from African Economic Research Consortium

Abstract: This econometric study takes a simulation approach to investigate the impact of external debt on economic growth in sub-Saharan African countries using a small macroeconomic model estimated for 1970-1994. An important finding was the significance of debt overhang variables in the investment equation, suggesting that mounting external debt depresses investment through both a "disincentive" effect and a "crowding out" effect.

Keywords: ECONOMETRICS; ECONOMIC GROWTH; DEBT; AFRICA (search for similar items in EconPapers)
JEL-codes: O55 C10 O40 F34 (search for similar items in EconPapers)
Date: 1999
References: Add references at CitEc
Citations View citations in EconPapers (8) Track citations by RSS feed

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this paper

More papers in Working Papers from African Economic Research Consortium African Economic Research Consortum, P.O. Box 62882, Nairobi, Kenya. Contact information at EDIRC.
Series data maintained by Thomas Krichel ().

Page updated 2017-09-29
Handle: RePEc:fth:afrirc:90