Author/Authors :
nounamo nguedie, yann harold university of yaoundé ii, SOA, Cameroon
Title Of Article :
ON THE DETERMINANTS OF THE EXTERNAL DEBT LEVEL OF AFRICAN COUNTRIES IN THE FRANC ZONE: THE ROLE OF POLITICAL FACTORS
Abstract :
This paper assesses the role of political factors as determinants of the external debt levelof African countries in the Franc Zone13 over the period 1985-2013. Based on a logit inpanel, our results show that the more a country is politically stable, the lower theexternal debt compared to the gross domestic product. Political stability multiplies1.18% the chances of being in the sustainable zone of external indebtedness. Thus,countries with good political institutions experience less severe external debt effectsthan countries with poor political institutions.
NaturalLanguageKeyword :
External Debt , Political Factors , Franc Zone
JournalTitle :
Revue Des Études Multidisciplinaires En Sciences Économiques Et Sociales
