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- W2338344224 abstract "This paper empirically examines the rate of debt accumulation that limits the probability of debt distress. The estimations are based on a panel of 45 sub-Saharan African (SSA) countries over the period 1972-2012 using the dynamic probit estimation techniques. The results from the estimations suggest that countries with poor governance rating can sustain a lower rate of debt accumulation while those with a good governance rating are able to sustain a higher rate of debt accumulation for a given probability of debt distress. Given its current status, sub-Saharan African countries' rate of debt accumulation is regarded as being unsustainable. This study has extended the debate on external debt sustainability and provides a benchmark for determining the financial commitments that should be offered to these countries." @default.
- W2338344224 created "2016-06-24" @default.
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- W2338344224 date "2016-01-01" @default.
- W2338344224 modified "2023-09-27" @default.
- W2338344224 title "External debt accumulation in sub-Saharan African countries: how fast is safe?" @default.
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- W2338344224 doi "https://doi.org/10.1504/ijse.2016.075916" @default.
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