Effects of External Public Debt Cancellation on the Economic Growth of the Republic Of Congo | Zendy

Lauric Ngouembe | Zendy; Jean-Anaclet Mampassi | Zendy

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Effects of External Public Debt Cancellation on the Economic Growth of the Republic Of Congo

Author(s) -

Lauric Ngouembe,

Jean-Anaclet Mampassi

Publication year - 2021

Publication title -

international journal of social science and economics invention

Language(s) - English

Resource type - Journals

ISSN - 2455-6289

DOI - 10.23958/ijssei/vol07-i02/276

Subject(s) - debt , economics , term (time) , development economics , the republic , monetary economics , financial system , economic policy , macroeconomics , physics , quantum mechanics , philosophy , theology

This study, through temporal data and the ARDL process, examined the effects of the cancellation of external public debt on economic growth in the Republic of Congo over the 1990 to 2016 period. From this review, it appears that debt cancellation has a positive impact on economic growth over the short-term and a negative impact over the long term. Beyond these results, we believe that additional research is needed to examine the channels through which external public debt cancellation influence economic growth in the Republic of Congo.

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