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You searched for +publisher:"Addis Ababa University" +contributor:("Syed Hasan (Ph.D)"). One record found.

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Addis Ababa University

1. Mulugeta, Fekadu. The Impact of External Debt on Economic Growth in Ethiopia .

Degree: 2014, Addis Ababa University

External debt is considered as a significant source of income for developing countries. However, a group of sub-Saharan countries classified as HIPCs including Ethiopia, have continued to experience difficulties in managing and serving their huge stock of external debt. This paper estimates empirically the impact of external debt on economic growth in Ethiopia to determine the existence of a ‘debt overhang’ and/or ‘crowding out’ effects using time series data for the period 1983/84 to 2012/13. The Johansen Maximum Likelihood approach was used to test for a long-run relationship among the variables and Vector error correction model (VECM) used to estimate the short-run impacts. The empirical result suggests the existence of longrun relationship between real GDP and external debt. The results of the study reveal that real GDP is influenced negatively by the past stock of external debt and debt servicing and, positively by the current external debt inflows. This is indicating the existence of debt overhang problem and crowding out effect in Ethiopian economy. The findings of the study indicate that exchange rate and inflation deter economic growth while, private investment and terms of trade have positive impact. Several policy implications emerge from the study. It is difficult simultaneously to achieve sustainable levels of economic growth and external debt at a moment and a country should give due attention to manage its external debt. Advisors/Committee Members: Syed Hasan (Ph.D) (advisor).

Subjects/Keywords: External Debt; Economic Growth

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APA · Chicago · MLA · Vancouver · CSE | Export to Zotero / EndNote / Reference Manager

APA (6th Edition):

Mulugeta, F. (2014). The Impact of External Debt on Economic Growth in Ethiopia . (Thesis). Addis Ababa University. Retrieved from http://etd.aau.edu.et/dspace/handle/123456789/4992

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Chicago Manual of Style (16th Edition):

Mulugeta, Fekadu. “The Impact of External Debt on Economic Growth in Ethiopia .” 2014. Thesis, Addis Ababa University. Accessed May 21, 2019. http://etd.aau.edu.et/dspace/handle/123456789/4992.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

MLA Handbook (7th Edition):

Mulugeta, Fekadu. “The Impact of External Debt on Economic Growth in Ethiopia .” 2014. Web. 21 May 2019.

Vancouver:

Mulugeta F. The Impact of External Debt on Economic Growth in Ethiopia . [Internet] [Thesis]. Addis Ababa University; 2014. [cited 2019 May 21]. Available from: http://etd.aau.edu.et/dspace/handle/123456789/4992.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Council of Science Editors:

Mulugeta F. The Impact of External Debt on Economic Growth in Ethiopia . [Thesis]. Addis Ababa University; 2014. Available from: http://etd.aau.edu.et/dspace/handle/123456789/4992

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

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