External debt and economic growth in Sub-Saharan Africa: Does governance matter?

ABSTRACT: This study empirically examined the impact of external debt on economic growth. Also, the interactions of governance, external debt and external debt volatility were further investigated with emphasize on the interective effect of governance as proxied by Kaufmann, D., (2007) quality governance measures such as; government effectiveness, political stability, voice and accountability, regulatory quality and corruption control on economic growth. The study utilized annual time series data, focusing on thirty selected Sub-Saharan African (SSA) countries for the period 1997 to 2020. The Dynamic System Generalised Method of Moments estimation technique was adopted while controlling for conventional sources of economic growth. Empirical findings from the study reveal that external debt and exter

SUBMITTER: Manasseh CO 

PROVIDER: S-EPMC9067604 | biostudies-literature | 2022

REPOSITORIES: biostudies-literature