Sovereign Debt and Uncertainty in the Mozambican Economy

Constantino J. Gode

No DP2001-130, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: This paper studies the impact of uncertainty and debt crisis on the dynamics of the Mozambican economy over the last two decades. Investment boom and accelerated growth did not take place until peace and economic reforms were assured, helped by the role of the Paris Club creditors as senior lenders, which averted the adverse impact of a debt overhang. Innovations to private consumption and to income are positively and strongly correlated. Current account has shown persistent deterioration while private consumption is not strongly correlated with uncertainty.

Keywords: Consumption; Public debt; Macroeconomics; Wealth (search for similar items in EconPapers)
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:unu:wpaper:dp2001-130

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