The Impact of External Debt on Economic Growth in Kenya: An Empirical Assessment

Maureen Were

No DP2001-116, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: A group of low-income countries classified as HIPCs have continued to experience difficulties in managing and servicing their huge stocks of external debt. Most of these countries including Kenya are in Sub-Saharan Africa. The relatively high level of Kenya's external indebtedness and rising debt burden has serious implications on the country's development and debt sustainability initiatives. While the economic performance continue to deteriorate, there has been significant net outflow of resources to meet the debt obligations in the 1990s.

Keywords: Budget deficits; Public debt; Econometric models (Economic development); Public investments (search for similar items in EconPapers)
Date: 2001
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Citations: View citations in EconPapers (53)

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