Theoretical and Applied Economics
No. 1 / 2023 (634), Spring
Dynamic relationship between external debt and unemployment in Sub-Saharan Africa
Bolgatanga Technical University, Ghana
Juabin MATEY
Bolgatanga Technical University, Ghana
Abstract. The struggle to reduce cyclical unemployment by Sub-Saharan African countries is as a result of their inability to integrate fiscal policies into macroeconomic goals and establish independent, well-resourced bodies to manage borrowed funds. We examine the dynamic relationship between external debt and unemployment in Sub-Saharan Africa using data from 25 countries. This study demonstrates a direct relationship between foreign debt and unemployment, which is attributed to the erroneous application of discretionary fiscal policy decisions and the inefficient use of borrowed funds. Evidence also suggests a nonlinear relationship between external debt and unemployment across the countries studied.
Contents
Obstacles to innovation and policy implications: exploring the case of Romanian firms
Adjusting the 5C pentagon for better health policymaking: observing the leading behavioural risks factors (diet, smoking, and alcohol consumption)
Incentivizing CEOs via pay and forced turnover: Do tenure and managerial ability matter?
Forecasting the Romanian inflation rate: An Autoregressive Integrated Moving-Average (ARIMA) approach
The effects of geopolitical risks on tourism revenues of the Middle East and Asian countries
The potential of macroeconomic forces and ICT in affecting the sectorial growth: ARDL approach in the context of East Asian countries
Validity of asset pricing models in Istanbul Stock Exchange (ISE) information technology index
Dynamic relationship between external debt and unemployment in Sub-Saharan Africa
An analysis of factors influencing empowerment of rural women through Deendayal Antyodaya Yojana – National Rural Livelihood Mission (SGSY)
The impact of Covid-19 payment moratoria on the Romanian banking system
Uncertainty and monetary policy during the Covid-19 pandemic in Tunisia: Evidence from a Bayesian VAR
Research on the evolution of migration in Romania after the fall of the communist regime
Black Sea and East Mediterranean approach on sustainable development
An economic analysis of trade war and deglobalization in current international relations within the paradigm of globalization
Financial difficulties and economic recession: Evidence from Canadian seniors
Inflation targeting and exchange rate pass-through in India: Lessons from international experience
The circular economics of constructions
Market mood index and stock market. Evidence from National Stock Exchange
Analysis of the effects of social and fiscal policy on incomes during the COVID-19 pandemic in Romania