External Debt, Capital Expenditure and Economic  Growth in Sub-saharan Africa

Loggu-naa, Mumuni

dc.contributor.author	Loggu-naa, Mumuni
dc.date.accessioned	2023-12-07T15:38:29Z
dc.date.available	2023-12-07T15:38:29Z
dc.date.issued	2022-02
dc.identifier.uri	http://hdl.handle.net/123456789/10653
dc.description	ii,ill:81	en_US
dc.description.abstract	ABSTRACT This study examined the joint effects of external debt and capital expenditure on economic growth. Using panel data of 37 SSA countries for the period of 2000–2020, the study found a negative relationship between external debt and economic growth, capital expenditure and economic growth, but a positive effect of the interaction between external debt and capital expenditure on economic growth. Therefore, the study recommended that externally borrowed funds by countries in SSA should be invested in productive ventures with prudent management to ensure economic growth and development. More importantly, governments of SSA should utilise fiscal and monetary policy efficiently to ameliorate the over dependence on external borrowings in financing their economic activities	en_US
dc.language.iso	en	en_US
dc.publisher	University of Cape Coast	en_US
dc.subject	Capital Expenditure	en_US
dc.subject	Economic Growth	en_US
dc.subject	External Debt	en_US
dc.subject	Gross Domestic Product	en_US
dc.title	External Debt, Capital Expenditure and Economic Growth in Sub-saharan Africa	en_US
dc.type	Thesis	en_US