The Determinants of East African Economic Growth
نویسندگان
چکیده
This paper focuses on examining the effect of government external debt economic growth, investigating interest rate establishing domestic and budget deficit growth. The study was carried out for three East African countries, Kenya, Tanzania Uganda, over period 1980-2019. Autoregressive Distributed Lag (ADL) Panel Approach used to specifically establish debt, rate, Pooled Mean Estimator (PMG) estimate both general full sample model. results showed that in long run, had negative but not statistically significant growth countries. On other hand, positive short term a while Firstly, order achieve it is recommended should design implement rates, policies fit align with macroeconomics policies. Secondly, they restrain their expenditure sustainable levels maintain balanced if surplus budget. Thirdly, endeavor put legal framework place eradicate corruption public funds. Fourthly, broaden tax base support balance Fifthly, governments avoid crowding through huge borrowings market at expense private sector.
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ژورنال
عنوان ژورنال: European Scientific Journal, ESJ
سال: 2023
ISSN: ['1857-7431', '1857-7881']
DOI: https://doi.org/10.19044/esj.2023.v19n16p77