Inclusive human development in pre-crisis times of globalisation-driven debts

Arbeitspapier

The paper verifies the Azzimonti et al. (2014) conclusions on a sample of 53 African countries for the period 1996-2008. Authors of the underlying study have established theoretical underpinnings for a negative nexus between rising public debt and inequality in OECD nations. We assess the effects of four debt dynamics on inequality adjusted human development. Instrumental variable and interactive regressions were employed as empirical strategies. Two main findings were established which depend on whether debt is endogenous to or interactive with globalisation. First, when external debt is endogenous to globalisation, the effect on inclusive human development is negative, whereas when it is interactive with globalisation, the effect is positive. This may reflect the false economics of pre-conditions. The magnitudes of negative estimates from endogenous related effects were higher than the positive marginal interactive effects. Policy implications were discussed.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: AGDI Working Paper ; No. WP/14/024

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General ; Macroeconomic Aspects of International Trade and Finance: General ; International Relations and International Political Economy: Other ; Welfare Economics: General ; Economywide Country Studies: Africa
• Thema: Debts ; globalisation ; inequality ; inclusive development ; Africa

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Asongu, Simplice ; Efobi, Uchenna ; Beecroft, Ibukun
• Ereignis: Veröffentlichung
• (wer): African Governance and Development Institute (AGDI)
• (wo): Yaoundé
• (wann): 2014-12

Weitere Informationen

• Handle: http://hdl.handle.net/10419/114570
• Letzte Aktualisierung: 10.03.2025, 11:46 MEZ