External Debts, Institutions and Growth in SSA

External Debts, Institutions and Growth in SSA

Author: 
Mensah, Lord
Place: 
Oxon
Publisher: 
Taylor & Francis Group
Date published: 
2018
Record type: 
Responsibility: 
Bokpin, Godfred, jt. author
Boachie-Yiadom, Eric, jt. author
Journal Title: 
Journal of African Business
Source: 
Journal of African Business Vol 19 No 4 October 2018 pp. 475-490
Abstract: 

The study investigates the impact of institutional quality on the external debt-growth nexus in SSA. Data from 36 SSA economies over the 1996-2013 periods were used. The results from the IV-System GMM imply that institutional quality has robust effects on the external debt-growth nexus. Thus, the impact of external debt on growth is through host nation's institutional quality. However, the mediating effect of institutional quality on this nexus is up to a point. When a country is on the wrong side of the debt-laffer curve, external debt becomes irrelevant; and institutional quality can no longer help.

Language: 

CITATION: Mensah, Lord. External Debts, Institutions and Growth in SSA . Oxon : Taylor & Francis Group , 2018. Journal of African Business Vol 19 No 4 October 2018 pp. 475-490 - Available at: http://library.au.int/external-debts-institutions-and-growth-ssa