Article ID Journal Published Year Pages File Type
5055439 Economic Modelling 2011 14 Pages PDF
Abstract
► We model impacts of external shocks on external debt in eleven African countries. ► World commodity price shock tends to increase external debt accumulation. ► World interest rate tends to discourage accumulation of external debt. ► Trade surplus that is not reliant on currency devaluation is effective for reducing external debt.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
External shocks and persistence of external debt in open vulnerable economies: The case of Africa
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