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Public debt and macroeconomic stability among sub-Saharan African countries: a system GMM test approach

AbstractThis study examined the effect of public debt on macroeconomic stability among 45 sub-Saharan African (SSA) countries for the period 2005–2022 using the two-step system Generalized Method of Moments (GMM). The study disaggregated public debt into domestic and foreign borrowing and determined...

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Autori principali: Jerry Ogutu Sumba, Rogers Ochenge, Paul Mugambi, Collins Muimi Musafiri
Natura: Artigo
Lingua:Inglês
Pubblicazione: Taylor & Francis Group 2024-12-01
Serie:Cogent Economics & Finance
Soggetti:
Public debt
economic growth
inflation rate
macroeconomic
domestic borrowing
foreign borrowing
Accesso online:https://www.tandfonline.com/doi/10.1080/23322039.2024.2326451
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