External Debt and Economic Growth in Central Africa: Does the Profile of the Leader Matter?
This study highlights the role of political leadership in external debt management by translating its effectiveness into economic growth. We use data from World Development Indicators (2018), Archigos (version 4.1) for Goemans et al. (2009) and Scartascini et al. (2021) from 1975 to 2019. The estima...
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World Scientific Publishing
2024-12-01
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| Series: | International Journal of Empirical Economics |
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| Online Access: | https://www.worldscientific.com/doi/10.1142/S2810943024500124 |
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| author | Nelson Derrick Nguepi Ibrahim Ngouhouo |
| author_facet | Nelson Derrick Nguepi Ibrahim Ngouhouo |
| author_sort | Nelson Derrick Nguepi |
| collection | DOAJ |
| description | This study highlights the role of political leadership in external debt management by translating its effectiveness into economic growth. We use data from World Development Indicators (2018), Archigos (version 4.1) for Goemans et al. (2009) and Scartascini et al. (2021) from 1975 to 2019. The estimation using the Driscoll–Kraay method gives us three good results: First, the analysis shows that external debt significantly slows growth in Central Africa. Second, there is a positive relationship between the age of political leaders and economic growth, as well as between the level of education of political leaders and economic growth. This means that there is a minimum age for good external debt management by political development leaders, just as there is a minimum level of education for political development leaders that increases the effectiveness of debt management external debt and thus promotes economic growth. On the other hand, this study concludes that the place of education of political leaders has a significant impact on debt management. African leaders educated in Africa manage external debt effectively, while African leaders educated in the West manage it poorly. As a result, the populations of Central African countries are encouraged to elect politicians who have studied in Africa. |
| format | Article |
| id | doaj-art-20bba39b53784fda90568060de58faaf |
| institution | Kabale University |
| issn | 2810-9430 2810-9449 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | World Scientific Publishing |
| record_format | Article |
| series | International Journal of Empirical Economics |
| spelling | doaj-art-20bba39b53784fda90568060de58faaf2025-01-13T08:01:41ZengWorld Scientific PublishingInternational Journal of Empirical Economics2810-94302810-94492024-12-01030410.1142/S2810943024500124External Debt and Economic Growth in Central Africa: Does the Profile of the Leader Matter?Nelson Derrick Nguepi0Ibrahim Ngouhouo1Faculty of Economics and Management, Research Laboratories: Groupe de Recherche en Economie Appliquée et Developpement (GREAD), University of Dschang, Dschang, CameroonFaculty of Economics and Management, Research Laboratories: Groupe de Recherche en Economie Appliquée et Developpement (GREAD), University of Dschang, Dschang, CameroonThis study highlights the role of political leadership in external debt management by translating its effectiveness into economic growth. We use data from World Development Indicators (2018), Archigos (version 4.1) for Goemans et al. (2009) and Scartascini et al. (2021) from 1975 to 2019. The estimation using the Driscoll–Kraay method gives us three good results: First, the analysis shows that external debt significantly slows growth in Central Africa. Second, there is a positive relationship between the age of political leaders and economic growth, as well as between the level of education of political leaders and economic growth. This means that there is a minimum age for good external debt management by political development leaders, just as there is a minimum level of education for political development leaders that increases the effectiveness of debt management external debt and thus promotes economic growth. On the other hand, this study concludes that the place of education of political leaders has a significant impact on debt management. African leaders educated in Africa manage external debt effectively, while African leaders educated in the West manage it poorly. As a result, the populations of Central African countries are encouraged to elect politicians who have studied in Africa.https://www.worldscientific.com/doi/10.1142/S2810943024500124Political leader profileexternal debtmanagementeconomic growthCentral Africa |
| spellingShingle | Nelson Derrick Nguepi Ibrahim Ngouhouo External Debt and Economic Growth in Central Africa: Does the Profile of the Leader Matter? International Journal of Empirical Economics Political leader profile external debt management economic growth Central Africa |
| title | External Debt and Economic Growth in Central Africa: Does the Profile of the Leader Matter? |
| title_full | External Debt and Economic Growth in Central Africa: Does the Profile of the Leader Matter? |
| title_fullStr | External Debt and Economic Growth in Central Africa: Does the Profile of the Leader Matter? |
| title_full_unstemmed | External Debt and Economic Growth in Central Africa: Does the Profile of the Leader Matter? |
| title_short | External Debt and Economic Growth in Central Africa: Does the Profile of the Leader Matter? |
| title_sort | external debt and economic growth in central africa does the profile of the leader matter |
| topic | Political leader profile external debt management economic growth Central Africa |
| url | https://www.worldscientific.com/doi/10.1142/S2810943024500124 |
| work_keys_str_mv | AT nelsonderricknguepi externaldebtandeconomicgrowthincentralafricadoestheprofileoftheleadermatter AT ibrahimngouhouo externaldebtandeconomicgrowthincentralafricadoestheprofileoftheleadermatter |