Open Journal of Business and Management

Volume 9, Issue 4 (July 2021)

ISSN Print: 2329-3284   ISSN Online: 2329-3292

Google-based Impact Factor: 2.35  Citations  

Effects of External Public Debt on Economic Growth: The Case of the Republic of Congo

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DOI: 10.4236/ojbm.2021.94108    536 Downloads   3,395 Views  Citations

ABSTRACT

The objective of this report is checking the being of an optimum level of the external debt in republic of Congo on a going period of 1986 of 2015. The non-linearity mold permitted estimating the degree of debt beyond which the all accumulation of the debt constituting a hurdle to the economic growth. We have reached to the inverted U-shaped relationship between the two variables, as it had been proved empirically. Modeling leads to an optimal debt level of 21.6% of GDP. The debt impact depends on its relative weight in GDP. The analysis also allowed us to identify that some variables, selected a priori, could influence economic growth in the republic of Congo.

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Antoine, N. , Stanislas, E. and Rollfe, N. (2021) Effects of External Public Debt on Economic Growth: The Case of the Republic of Congo. Open Journal of Business and Management, 9, 1997-2012. doi: 10.4236/ojbm.2021.94108.
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