Investigation Empirique des Effets Non-Linéaires de la Dette Publique sur la Croissance Économique Dans les Pays d'Afrique Subsaharienne (ASS) dans un Contexte de Réendettement : Cas des Pays Pauvres Très Endettes

• Autorzy: Essosinam Franck Karabou

Warianty tytułu

Empirical Investigation of the Public Debt Non-Linear Effects on Economic Growth in Sub-Saharan African (SSA) Countries in a Context of Re-Indebtedness: the Case of Heavily Indebted Poor Countries

• Języki publikacji: FR

Abstrakty

Cet article analyse les effets non-linéaires de la dette publique sur la croissance économique dans les pays pauvres très endettés d'Afrique subsaharienne (ASS) dans un contexte de ré-endettement. La méthodologie adoptée repose sur un modèle non-linéaire de panel dynamique à effet de seuil [méthode des moments généralisés en première différence (FD-GMM)]. La période couverte va de 2010 à 2019. Les résultats après estimations révèlent l'existence d'un seuil de 58,21% en dessous duquel le stock de la dette impacte positivement et de façon significative la croissance économique et au-delà de ce seuil, la dette publique impacte négativement et de façon significative la croissance économique. Parallèlement à ce résultat de premier ordre, nous constatons également que les variables comme l'ouverture commerciale et, l'inflation améliorent la croissance économique en dessous du seuil critique de la dette.(abstrakt oryginalny)

EN

This paper analyzes the non-linear effects of public debt on economic growth in heavily indebted poor countries of sub-Saharan Africa (SSA) in a context of re-indebtedness. The methodology adopted is based on a non-linear dynamic panel model with a threshold effect (First Difference Generalized Method of Moments (FD-GMM)). The period covered is from 2010 to 2019. The results after estimations reveal the existence of a threshold of 58,21% below which the stock of debt has a significant positive impact on economic growth and above which public debt has a significant negative impact on economic growth. In parallel to this first order result, we also find that variables such as trade openness and inflation improve economic growth below the critical debt threshold.(original abstract)

Słowa kluczowe

EN

Economic growth; Economic growth of the region; Public debt; Generalized method of moments (GMM)

PL

Wzrost gospodarczy; Wzrost gospodarczy regionu; Dług publiczny; Uogólniona metoda momentów

• Czasopismo: Revue Internationale des Economistes de Langue Française : revue de l'Association Internationale de Economistes de Langue Française avec la collaboration Université des Sciences Economiques et de Gestion
• Rocznik: 2022
• Tom: 7
• Numer: nr 1
• Strony: 76--94

Twórcy

autor

Essosinam Franck Karabou

• Université de Kara, Togo

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Identyfikatory

DOI

10.18559/RIELF.2022.1.5