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Analysing the role of external debt and corruption on economic growth in the Sub-Saharan African Region
This paper examines the relationship between corruption, external debt and economic growth in the Sub-Saharan African region as the roles of external debt and corruption as growth drivers or deterrents remains inconclusive. The paper employs a two-step system generalized method of moments (sysGMM) m...
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| Format: | Thesis |
| Language: | English English |
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School of Economics
2025
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| Summary: | This paper examines the relationship between corruption, external debt and economic growth in the Sub-Saharan African region as the roles of external debt and corruption as growth drivers or deterrents remains inconclusive. The paper employs a two-step system generalized method of moments (sysGMM) model to estimate the relationship between external debt, corruption and economic growth. An interaction term between external debt and corruption is included to determine whether the impact of external debt on growth is influenced by the level of perceived corruption in an economy. Corruption is found to have a negative and often significant relationship with economic growth whilst external debt has significant, varying associations with economic growth. The interaction between debt and corruption is also found to significantly influence economic growth. |
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