The Impact of foreign debt on economic growth in Sub - Saharan Africa

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dc.contributor.authorHamid, Sakina
dc.date.accessioned2016-03-19T09:16:30Z
dc.date.available2016-03-19T09:16:30Z
dc.date.issued2015-11
dc.descriptionSubmitted in partial fulfillment of the requirements for the Degree of Bachelor of business science financial economics at Strathmore Universityen_US
dc.description.abstractThis research carries out an empirical research on the impact of foreign debt on the economic growth of sub-Saharan Africa countries using cross sectional regression method suggested by Sala i-Martin and Robert Barrow. The study also incorporates the Solow growth model. Tests for both debt overhang and crowding out effect are conducted on ten Sub Saharan African countries over the period of 1980-2010. The findings show that, although there is no significant evidence of debt overhang effect, a negative impact of foreign debt through the crowding out effect is severely setting back economic growth in Sub Saharan Africa.en_US
dc.identifier.urihttp://hdl.handle.net/11071/4336
dc.language.isoenen_US
dc.publisherStrathmore Universityen_US
dc.subjectExternal debten_US
dc.subjectEconomic growthen_US
dc.subjectDebt overhangen_US
dc.subjectDebt servicingen_US
dc.subjectDebt crowding outen_US
dc.titleThe Impact of foreign debt on economic growth in Sub - Saharan Africaen_US
dc.typeOtheren_US
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