2020, Volume 73 - Issue 1
RSS feed citation: At RePEc
Publication date: 04 February 2020
THE IMPACT OF EXCHANGE RATE VOLATILITY ON THE SECURITY MARKETS IN BRICS ECONOMIESRead the article
THE DETERMINANTS OF IMPORT DEMAND IN SOUTH AFRICA: AN EMPIRICAL INVESTIGATIONRead the article
THE IMPACT OF DOMESTIC AND FOREIGN PUBLIC DEBT ON ECONOMIC GROWTH: EMPIRICAL EVIDENCE FROM ZIMBABWERead the article
THE GREAT RECESSION AND THE DETERMINANTS OF TARIFF AND ANTIDUMPING RESTRICTIONS IN ARGENTINA, BRAZIL AND MEXICO: A RETROSPECTIVE STUDYRead the article
Talknice SAUNGWEME, Department of Economics, University of South Africa, Pretoria, South Africa
Nicholas M. ODHIAMBO, Department of Economics, University of South Africa, Pretoria, South Africa
This paper applies the autoregressive distributed lag (ARDL) approach to examine the impact of public debt (domestic and foreign) on economic growth in Zimbabwe for the period from 1970 to 2017. The study adds to the ongoing debt-growth debate by testing the impact of the aggregated and disaggregated public debt on economic growth. The empirical results reveal that the impact of public debt on economic growth in Zimbabwe is negative, irrespective of whether public debt is aggregated or disaggregated, and irrespective of the type of debt – domestic or foreign. The study results further reveal that domestic public debt is more disastrous to the Zimbabwean economy than its foreign counterpart. These results are found to apply regardless of whether the regression analysis is performed in the short run or in the long run.
Public Debt, Domestic Public Debt, Foreign Public Debt, Economic Growth, Zimbabwe, ARDL
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