Analysis of external debt dynamics in ECOWAS economies.

Simple item page
dc.contributor.authorChuku, A.C.
dc.date.accessioned2018-11-21T11:47:18Z
dc.date.available2018-11-21T11:47:18Z
dc.date.issued2013-06
dc.description.abstractThis paper recognised the importance of identifying the core determinants of external debt dynamics in ECOWAS economies. Using a panel dynamic generalised least squares procedure, the study sought to identify the core determinants of external debt dynamics in 12 ECOWAS economies from 1970 to 2009. Overall, the findings revealed six core determinants of external debt in ECOWAS economies. Inflation, external reserves, per capita income and real oil prices were inversely related with external debt ratio; while, GDP gap and real effective exchange rate depreciation directly affected external debt. Significant dissimilarities were observed in the influence of government size and inflation within the WAEMU and the WAMZ subsamples, implying that a synchronisation of debt and fiscal policies for the two regions might yield different outcomes. Further, the results suggested that there was a wide deviation in the initial conditions in Guinea-Bissau and Burkina Faso from the other economies in the region.en_US
dc.description.provenanceSubmitted by Peace M. Ray (peaceray.pr.pr@gmail.com) on 2018-10-25T09:55:21Z No. of bitstreams: 1 Analysis of external debt dynamics in ecowas economies.pdf: 866281 bytes, checksum: 9ba396e9a7ddafe13e70db2c16917bd9 (MD5)en
dc.description.provenanceApproved for entry into archive by Ifeanyichukwu Ohaju (ifohaju@gmail.com) on 2018-11-21T11:42:52Z (GMT) No. of bitstreams: 1 Analysis of external debt dynamics in ecowas economies.pdf: 866281 bytes, checksum: 9ba396e9a7ddafe13e70db2c16917bd9 (MD5)en
dc.description.provenanceApproved for entry into archive by Ifeanyichukwu Ohaju (ifohaju@gmail.com) on 2018-11-21T11:46:40Z (GMT) No. of bitstreams: 1 Analysis of external debt dynamics in ecowas economies.pdf: 866281 bytes, checksum: 9ba396e9a7ddafe13e70db2c16917bd9 (MD5)en
dc.description.provenanceMade available in DSpace on 2018-11-21T11:47:18Z (GMT). No. of bitstreams: 1 Analysis of external debt dynamics in ecowas economies.pdf: 866281 bytes, checksum: 9ba396e9a7ddafe13e70db2c16917bd9 (MD5) Previous issue date: 2013-06en
dc.description.sponsorshipCentral Bank of Nigeriaen_US
dc.identifier.citationChuku, A.C. (2013). Analysis of external debt dynamics in ECOWAS economies. CBN Economic and Financial Review. 51(2), 93-112en_US
dc.identifier.issn1957-2968
dc.identifier.urihttp://repo.cbn.gov.ng/jspui/handle/123456789/622
dc.language.isoenen_US
dc.publisherCentral Bank of Nigeria, Research Departmenten_US
dc.relation.ispartofseriesVol. 51;No. 2
dc.subjectExternal debten_US
dc.subjectEconomic Community of West African States (ECOWAS)en_US
dc.subjectPanel data analysisen_US
dc.titleAnalysis of external debt dynamics in ECOWAS economies.en_US
dc.typeArticleen_US

Files

Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
Analysis of external debt dynamics in ecowas economies.pdf
Size:
845.98 KB
Format:
Adobe Portable Document Format
Description:
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.61 KB
Format:
Item-specific license agreed upon to submission
Description:
Download

Collections

Economic and Financial Review