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Author : Maureen Were
Publisher :
ISBN 13 :
Total Pages : 28 pages
Book Rating : 4.3/5 (129 download)
Download or read book The Impact of External Debt on Economic Growth in Kenya written by Maureen Were and published by . This book was released on 2001 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Owen Adams
Publisher : GRIN Verlag
ISBN 13 : 3346923983
Total Pages : 16 pages
Book Rating : 4.3/5 (469 download)
Download or read book The Effect of External Debt on Economic Growth in Developing Countries written by Owen Adams and published by GRIN Verlag. This book was released on 2023-08-18 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essay from the year 2022 in the subject Business economics - Economic Policy, grade: 5.0, , language: English, abstract: This paper examines the impact of external public debt on the economic growth of developing countries. It delves into the dynamics of borrowing, debt service, and their effects on long-term economic development. The study analyzes established economic growth theories, including the neoclassical and endogenous growth models, to understand the intricate relationships between investment, technology, and labor that shape a nation's economic trajectory. It further explores the implications of debt through liquidity constraint and debt overhang theories, highlighting the potential crowding-out effect and diminished local resources for development due to debt service obligations.
Author : Michael Kithinji
Publisher : GRIN Verlag
ISBN 13 : 3346656209
Total Pages : 39 pages
Book Rating : 4.3/5 (466 download)
Download or read book Effect of public debt and budget deficit on Kenya's economic growth written by Michael Kithinji and published by GRIN Verlag. This book was released on 2022-06-07 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bachelor Thesis from the year 2021 in the subject Politics - Region: Africa, , language: English, abstract: This paper discusses the effect of public debt and budget deficit on Kenya's economic growth. Kenya's public debt has proliferated, precipitating debate on its impact on economic performance and causing public anxiety. The purpose of this quantitative ex post facto study was to investigate the long run and causal relationship between Kenya's public debt and economic growth. Keynesian's theory, Ricardian equivalence theory, and neoclassical theory provided the framework for the study. Research questions one and two address the causal relationship between public debt and select covariates as independent variables and actual gross domestic product (GDP) growth rate as the dependent variable. Research question three addresses the relationship between primary budget balance and public debt. Archival data were analyzed using the vector error correction model and autoregressive distributed lag methods. Findings show a positive long-run causality between public debt and real GDP growth. The relationship between primary budget balance and public debt is positive and statistically significant, demonstrating that Kenya's debt is sustainable. Findings may be used to promote the adoption of fiscal policies that increase economic growth, savings, investments, job creation, and living standards of Kenyans. For a good economy to thrive in any given country, there should be plenty of productive resources for its needs at that particular time. In most countries, especially Kenya, needs are growing while the resources to meet them are insufficient or even depleted completely. The growing budget has become a problem for the Kenyan government since our economies are expanding. However, the rate is not able to meet the rising demand for the ever-increasing population. At this level, the country is forced to procure internal and external debts to finance its budget deficit. However, in the long run, this does not solve the problem because the investment programs do not give good returns, hence losing.
Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1451821115
Total Pages : 12 pages
Book Rating : 4.4/5 (518 download)
Download or read book Kenya written by International Monetary Fund and published by International Monetary Fund. This book was released on 2004-01-08 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report of the Debt Sustainability Analysis (DSA) indicates that the envisaged strategy of a partial substitution of domestic debt by increased inflows of external grants and concessional loans, as well as a rescheduling of external debt by the Paris and London Clubs, would facilitate the achievement of debt sustainability. The DSA also confirms that such a debt rescheduling could constitute an appropriate exit strategy for Kenya. The DSA also shows that debt sustainability would improve significantly with a concessional rescheduling, particularly under the Naples terms.
Author : Wanjuki Ngugi
Publisher :
ISBN 13 : 9783659960635
Total Pages : 92 pages
Book Rating : 4.9/5 (66 download)
Download or read book Effect of Public Debt on Economic Growth in Kenya written by Wanjuki Ngugi and published by . This book was released on 2016-10-23 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : M. Ayhan Kose
Publisher : World Bank Publications
ISBN 13 : 1464815453
Total Pages : 403 pages
Book Rating : 4.4/5 (648 download)
Download or read book Global Waves of Debt written by M. Ayhan Kose and published by World Bank Publications. This book was released on 2021-03-03 with total page 403 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.
Author : Jaejoon Woo
Publisher : International Monetary Fund
ISBN 13 : 1455201855
Total Pages : 48 pages
Book Rating : 4.4/5 (552 download)
Download or read book Public Debt and Growth written by Jaejoon Woo and published by International Monetary Fund. This book was released on 2010-07-01 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores the impact of high public debt on long-run economic growth. The analysis, based on a panel of advanced and emerging economies over almost four decades, takes into account a broad range of determinants of growth as well as various estimation issues including reverse causality and endogeneity. In addition, threshold effects, nonlinearities, and differences between advanced and emerging market economies are examined. The empirical results suggest an inverse relationship between initial debt and subsequent growth, controlling for other determinants of growth: on average, a 10 percentage point increase in the initial debt-to-GDP ratio is associated with a slowdown in annual real per capita GDP growth of around 0.2 percentage points per year, with the impact being somewhat smaller in advanced economies. There is some evidence of nonlinearity with higher levels of initial debt having a proportionately larger negative effect on subsequent growth. Analysis of the components of growth suggests that the adverse effect largely reflects a slowdown in labor productivity growth mainly due to reduced investment and slower growth of capital stock.
Author : Mr.Boileau Loko
Publisher : International Monetary Fund
ISBN 13 : 1451848196
Total Pages : 27 pages
Book Rating : 4.4/5 (518 download)
Download or read book The Impact of External Indebtednesson Poverty in Low-Income Countries written by Mr.Boileau Loko and published by International Monetary Fund. This book was released on 2003-03-01 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores the relationship between external debt and poverty. A number of observers have argued that high external indebtedness is a major cause of poverty. Using the first-differenced general method of moments (GMM) estimator, the paper models the impact of external debt on poverty, measured by life expectancy, infant mortality, and gross primary enrollment rates, while duly taking into account the impact of external debt on income. The paper thus endeavors to bring together the literature that links external debt with income growth and poverty. The main conclusion is that once the effect of income on poverty has been taken into account, external indebtedness indicators have a limited but important impact on poverty.
Author : Atakilt Hagos
Publisher : LAP Lambert Academic Publishing
ISBN 13 : 9783844319828
Total Pages : 80 pages
Book Rating : 4.3/5 (198 download)
Download or read book External Debt and Economic Growth in Sub-Saharan Africa written by Atakilt Hagos and published by LAP Lambert Academic Publishing. This book was released on 2011-03 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: The effect of external debt on economic growth has been among the contentious issues. Based on panel data for 44 Sub-Saharan African countries for a period of over 30 years, this book reveals that external debt stock and debt services are found to have a statistically significant negative impact on economic growth especially at higher debt levels of debt/GDP ratio. The growth maximizing level of debt stock ranges from 25% to 45% of GDP. Furthermore, external debt affected growth by adversely affecting human capital formation. Debt service payments are also found to have the "crowding out" effects on private investment. The implication of these findings is that countries in Africa should align their public policies towards maintaining a sustainable level of indebtedness, improve the quality of their man power, enhance good governance and control corruption. In addition to the provision of new loans, developed countries and multilateral institutions should foster development cooperation and fairer trade for Africa. Postgraduate students and other researchers will benefit by reading this book as it adds value to the theoretical and empirical literature on external debt.
Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1451821034
Total Pages : 125 pages
Book Rating : 4.4/5 (518 download)
Download or read book Kenya written by International Monetary Fund and published by International Monetary Fund. This book was released on 1995-12-15 with total page 125 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews economic developments in Kenya during 1990–95. Real GDP growth decelerated from 4.3 percent in 1990 to close to zero in 1992/93. Inflation accelerated from 12 percent in the 12-month period ended December 1989 to 34 percent in March 1993. The central government’s budget deficit increased from 6.7 percent in 1989/90 to 11.4 percent of GDP in 1992/93. Broad money growth (M2) accelerated from 21 percent in the 12-month period ended December 1991 to 36 percent in March 1993.
Author : Asaad Najib
Publisher :
ISBN 13 :
Total Pages : 182 pages
Book Rating : 4.:/5 (66 download)
Download or read book The Impact of External Debt on Economic Growth in Highly Indebted Developing Countries written by Asaad Najib and published by . This book was released on 2005 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Alfred Greiner
Publisher : Springer Science & Business Media
ISBN 13 : 3642017452
Total Pages : 148 pages
Book Rating : 4.6/5 (42 download)
Download or read book Public Debt and Economic Growth written by Alfred Greiner and published by Springer Science & Business Media. This book was released on 2009-07-24 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: Starting point of this book is the observation that an increase in public debt must be accompanied by a rise in the primary surplus of the government to guarantee sustainability of public debt. The book first elaborates on that principle from a theoretical point of view and then tests whether empirical evidence for that rule can be found. Additional tests are implemented to gain further evidence on sustainability of public debt. In order to allow for time varying coefficients penalized spline estimations are performed. The theoretical chapters present endogenous growth models and assume that the primary surplus rises as public debt increases so that sustainability of public debt is given. Implications of public deficits and debt are studied assuming full employment and for unemployment. The conclusion summarizes the findings and compares the results of the different models. Finally, policy implications are given showing how governments should deal with high public debt to GDP ratios.
Author : Karamo N. M. Sonko
Publisher : University Press of America
ISBN 13 : 9780819193124
Total Pages : 244 pages
Book Rating : 4.1/5 (931 download)
Download or read book Debt, Development, and Equity in Africa written by Karamo N. M. Sonko and published by University Press of America. This book was released on 1994 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book assesses the impact of the African debt crisis on poverty. The author studies the relationship between debt and socio-economic development in Sub-Saharan Africa. Furthermore, Sonko analyzes the impact of debt-induced expenditure adjustments, including budgetary retrenchment in an African economy undergoing structural adjustment. Sustainable, self-reliant development, debt relief, and the redesign of structural adjustment programs to make them less controversial and more effective in Africa are required. The overall analysis is conducted with a view to what the author refers to as the "state of global interconnectedness," implying the need for global economic policy coordination and assistance in finding solutions to Africa's development problems. Contents: The Debt Burden: Trends, Causes and Comparative Analysis; Debt and Development; Debt, Adjustment and Equity; Structural Adjustment Programs: Criticisms, Evolution and Forms for the 1990s; The African Debt Crisis: What Can and Should be Done? Summary and Concluding Remarks; Appendix; Bibliography; Index.
Author : Stephen Okiya Shisoka
Publisher : IPR Journals and Book Publishers
ISBN 13 : 9914728626
Total Pages : 160 pages
Book Rating : 4.9/5 (147 download)
Download or read book Role of Micro Economic Policy on Poverty Reduction written by Stephen Okiya Shisoka and published by IPR Journals and Book Publishers. This book was released on 2022-12-29 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: TOPICS IN THE BOOK Effect of Human Capital Development on Poverty in Kenya Market Reaction to Earnings Announcements at Nairobi Securities Exchange A Comparative Analysis of Fama-French Five and Three-Factor Model in Explaining Stock Returns Variation The Sources of Housing Prices Growth in Kenya Macro-economic Environment and Public Debt in Kenya Trade Barriers between European Union and East African Countries
Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 145199205X
Total Pages : 31 pages
Book Rating : 4.4/5 (519 download)
Download or read book Kenya written by International Monetary Fund and published by International Monetary Fund. This book was released on 2008-10-17 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper on Kenya reviews Kenya’s external stability in a context where the exchange rate has strengthened and capital inflows are playing an increasingly important role. Kenya’s external current account deficit has widened, reflecting strong import volumes as well as rising import prices, particularly for oil, but external debt as a percent of GDP has declined steadily. Underlying these developments have been a steady increase in capital inflows and a remarkable rebound of economic growth since 2003 after two decades of stagnation.
Author : M. A. B Siddique
Publisher :
ISBN 13 :
Total Pages : 31 pages
Book Rating : 4.:/5 (92 download)
Download or read book The Impact of External Debt on Economic Growth written by M. A. B Siddique and published by . This book was released on 2015 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : F. M. Mwega
Publisher :
ISBN 13 :
Total Pages : 46 pages
Book Rating : 4.F/5 ( download)
Download or read book Macroeconomic Constraints and Medium-term Growth in Kenya written by F. M. Mwega and published by . This book was released on 1994 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:
