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Public debt and growth in selected West African countries: Implications for economic integration

African Journal of Economic Policy

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Title Public debt and growth in selected West African countries: Implications for economic integration
 
Creator Ekpo, AH
 
Subject Public debt, economic integration, debt sustainability, West Africa JEL Classification: F34; H6; F15
 
Description Based on an eclectic approach, we examined the public debt – growth nexus in selected SSA countries. Panel regression results indicate that debt/GDP and rates of inflation had negative relationship with the growth in real GDP and its per capita measure for SSA. For the ECOWAS countries, debt/GDP was  positively related to growth in real GDP and its per capita measure while rate of inflation had a negative relationship. The global economic crisis had no impact on the debt-growth link in the ECOWAS countries. For economic  integration and eventual monetary union to be sustainable, countries in ECOWAS must ensure fiscal prudence in the management of their economies.Keywords: Public debt, economic integration, debt sustainability, West AfricaJEL Classification: F34; H6; F15
 
Publisher Department of Economics, University of Ibadan
 
Contributor —
 
Date 2014-02-25
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.ajol.info/index.php/ajep/article/view/101503
 
Source African Journal of Economic Policy; Vol 19, No 2 (2012); 1-25
1116-4875
 
Language eng
 
Relation http://www.ajol.info/index.php/ajep/article/view/101503/90690
 
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