Estimation of the public debt threshold effects on economic growth in sub-Saharan African countries

被引：2
|
作者：
Kitutila, Kitutila W. [1 ]
机构：
[1] Univ Tours, Lab Econ Orleans LEO Tours, 50 Ave Jean Portalis, F-37200 Tours, France
来源：
AFRICAN DEVELOPMENT REVIEW-REVUE AFRICAINE DE DEVELOPPEMENT | 2024年 / 36卷 / 02期
关键词：
African countries; economic growth; fiscal policy; PSTR; public debt; FISCAL RULES; PANEL-DATA; DEFICIT; SUSTAINABILITY; TRADE; INFLATION;
D O I：
10.1111/1467-8268.12749
中图分类号：
F0 [经济学]; F1 [世界各国经济概况、经济史、经济地理]; C [社会科学总论];
学科分类号：
0201 ; 020105 ; 03 ; 0303 ;
摘要：
Using data for 22 sub-Saharan African (SSA) countries, this paper investigates the effects of public debt on economic growth in SSA countries covering the period 1990-2021. Relying upon the estimation of Panel Smooth Transition Regression and generalized method of moments method, our findings offer strong evidence that public debt nonlinearly impacts economic growth. More specifically, there exists a threshold beyond which public debt exerts a negative effect on growth. These results can be used to formulate economic recommendations that the public authorities could implement to improve public debt management and maintain stable economic growth.
引用
收藏
页码：377 / 390
页数：14
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