Key Drivers of Public Debt Levels: Empirical Evidence from Africa
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60460709%3A41110%2F22%3A91022" target="_blank" >RIV/60460709:41110/22:91022 - isvavai.cz</a>
Result on the web
<a href="https://www.mdpi.com/2071-1050/14/3/1220" target="_blank" >https://www.mdpi.com/2071-1050/14/3/1220</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.3390/su14031220" target="_blank" >10.3390/su14031220</a>
Alternative languages
Result language
angličtina
Original language name
Key Drivers of Public Debt Levels: Empirical Evidence from Africa
Original language description
The rising public debt level in Africa and the sustainability of that debt remains an important research agenda. As such, understanding the factors that impact the rising public debt level in Africa remains an important research agenda. Our paper investigates the key determining drivers that have a direct and indirect impact on the rising level of public debt in Africa from a panel of 47 African nations for the period 2000 to 2018. Using the generalized method of moments and fixed effects two-stage least squares methodological approach the study confirms that a rise in the corruption level leads to an increase in the public debt in Africa. Our findings additionally indicate that government investment enhances the positive and significant association with public debt levels in the sampled countries. Our result revealed that government consumption and tax revenue have a significant negative relationship with the levels of public debt in Africa. Lastly, our results showed that military expenditure has a
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2022
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Sustainability
ISSN
2071-1050
e-ISSN
2071-1050
Volume of the periodical
14
Issue of the periodical within the volume
1220
Country of publishing house
CZ - CZECH REPUBLIC
Number of pages
15
Pages from-to
1-15
UT code for WoS article
000682254200001
EID of the result in the Scopus database
2-s2.0-85123070159