INTERNAL PUBLIC DEBT, FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH IN SUB-SAHARAN AFRICA

被引：0
|
作者：
Benayed, Walid [1 ,2 ]
Gabsi, Foued Badr [2 ,3 ]
机构：
[1] Univ Gabes, Inst Super Gest Gabes, Gabes, Tunisia
[2] Univ Sfax, Lab Econ Dev, Sfax, Tunisia
[3] Univ Sfax, Fac Sci Econ & Gest Sfax, Sfax, Tunisia
来源：
ACTUALITE ECONOMIQUE | 2020年 / 96卷 / 01期
关键词：
PRIVATE INVESTMENT; MONETARY-POLICY; DOMESTIC DEBT; PANEL-DATA; DETERMINANTS; CREDIT; COUNTRIES; SYSTEM; GMM;
D O I：
暂无
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
In this study, we test the hypothesis that domestic public debt affects economic growth through its impact on the activity of the banking system. For this purpose, we estimate a simultaneous equations model based on a panel of 20 Sub-Saharan African countries over the period 2000-2010. The results suggest that the holding of government securities has encouraged banks to take on more risk and to increase their loans to the private sector, especially in the presence of weak institutions. However, this beneficial impact of domestic public debt did not significantly influence economic activity as the African financial system has played a limited role in stimulating private investment and economic growth.
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页数：32
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