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The Impact of external debt on economic growth in Zimbabwe

MAVHINGA, Petronella

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Abstract

This study investigated the impact of external debt on economic growth in Zimbabwe for the period of 1980-2013 using time series data. External debt is a major source for developing countries to finance its development needs. Using the Vector Error Correction Model (VECM), the study found a significant negative relationship between external debt and economic growth in Zimbabwe. The results indicate the existence of debt overhang effect in Zimbabwe. However due to insignificant relationship between debt service and economic growth, the existence of the crowding out hypothesis could not be confirmed.

Advisors
Lee, Kye Woo
Department
KDI School, Master of Development Policy
Issue Date
2015
Publisher
KDI School
Description
Thesis(Master) --KDI School:Master of Development Policy,2015
Keywords
Capital movements.; Debts, External--Zimbabwe.
Pages
vi, 29 p.
URI
https://archives.kdischool.ac.kr/handle/11125/30715
Type
Thesis
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