ANALYZING THE NATIONAL DEBT OF SEVERAL SELECTED EAST AFRICAN COUNTRIES: AN APPLICATION OF A LONGITUDINAL PANEL DATA

Sadik Aden Dırır

ANALYZING THE NATIONAL DEBT OF SEVERAL SELECTED EAST AFRICAN COUNTRIES: AN APPLICATION OF A LONGITUDINAL PANEL DATA

Abstract

Purpose- East African countries are the fastest-growing nations in the region. These countries have membership in several well-known regional agreements such as COMESA, IGAD, and EAC. Hence, because of their impressive growth in the course of the previous years, these countries are demanding an extensive analysis from many dimensions. Consequently, this paper has an objective to inspect the national debt of 9 selected East African countries from the period 2000 to 2021. Methodology- The paper utilized longitudinal panel data in order to evaluate the impact that the GDP, inflation rate, government spending, and trade have on the national debt of east African countries. Findings- The findings in our fixed effect model revealed that the variables GDP, inflation rate, government spending, importation, and exportation have a significant impact on the national debt of East African countries. we perceive that an increase of 1% in GDP increases 0.557% in the East African debt. Also, the inflation rate and government spending revealed that they expand by 0.002% and 0.413% respectively the national debt of East African debt. Finally, according to table 3, the trade components have revealed distinctive effects. To start with, exportation was revealed to increase the national debt by 0.122% while importation revealed an inverse impact in which it reduces the national debt by -0.368%. Conclusion- Finally, the study will provide evidence to the African countries especially my country Djibouti how to adjust and limit their national debt in conformity with their gross domestic product and economic capacity. Additionally, it will provide economists with a better comprehension of the economic situation in East Africa.

Keywords

References

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Details

Primary Language

English

Subjects

Economics, Finance, Business Administration

Journal Section

Research Article

Authors

Sadik Aden Dırır ^* This is me
0000-0002-8159-5442
Djibouti

Publication Date

December 31, 2022

Submission Date

September 11, 2022

Acceptance Date

November 29, 2022

Published in Issue

Year 2022 Volume: 9 Number: 4

IZ

https://izlik.org/JA23JD25UK

Cite

RIS / Bibtex

APA

Dırır, S. A. (2022). ANALYZING THE NATIONAL DEBT OF SEVERAL SELECTED EAST AFRICAN COUNTRIES: AN APPLICATION OF A LONGITUDINAL PANEL DATA. Journal of Economics Finance and Accounting, 9(4), 152-165. https://izlik.org/JA23JD25UK

AMA

1.Dırır SA. ANALYZING THE NATIONAL DEBT OF SEVERAL SELECTED EAST AFRICAN COUNTRIES: AN APPLICATION OF A LONGITUDINAL PANEL DATA. JEFA. 2022;9(4):152-165. https://izlik.org/JA23JD25UK

Chicago

Dırır, Sadik Aden. 2022. “ANALYZING THE NATIONAL DEBT OF SEVERAL SELECTED EAST AFRICAN COUNTRIES: AN APPLICATION OF A LONGITUDINAL PANEL DATA”. Journal of Economics Finance and Accounting 9 (4): 152-65. https://izlik.org/JA23JD25UK.

EndNote

Dırır SA (December 1, 2022) ANALYZING THE NATIONAL DEBT OF SEVERAL SELECTED EAST AFRICAN COUNTRIES: AN APPLICATION OF A LONGITUDINAL PANEL DATA. Journal of Economics Finance and Accounting 9 4 152–165.

IEEE

[1]S. A. Dırır, “ANALYZING THE NATIONAL DEBT OF SEVERAL SELECTED EAST AFRICAN COUNTRIES: AN APPLICATION OF A LONGITUDINAL PANEL DATA”, JEFA, vol. 9, no. 4, pp. 152–165, Dec. 2022, [Online]. Available: https://izlik.org/JA23JD25UK

ISNAD

Dırır, Sadik Aden. “ANALYZING THE NATIONAL DEBT OF SEVERAL SELECTED EAST AFRICAN COUNTRIES: AN APPLICATION OF A LONGITUDINAL PANEL DATA”. Journal of Economics Finance and Accounting 9/4 (December 1, 2022): 152-165. https://izlik.org/JA23JD25UK.

JAMA

1.Dırır SA. ANALYZING THE NATIONAL DEBT OF SEVERAL SELECTED EAST AFRICAN COUNTRIES: AN APPLICATION OF A LONGITUDINAL PANEL DATA. JEFA. 2022;9:152–165.

MLA

Dırır, Sadik Aden. “ANALYZING THE NATIONAL DEBT OF SEVERAL SELECTED EAST AFRICAN COUNTRIES: AN APPLICATION OF A LONGITUDINAL PANEL DATA”. Journal of Economics Finance and Accounting, vol. 9, no. 4, Dec. 2022, pp. 152-65, https://izlik.org/JA23JD25UK.

Vancouver

1.Sadik Aden Dırır. ANALYZING THE NATIONAL DEBT OF SEVERAL SELECTED EAST AFRICAN COUNTRIES: AN APPLICATION OF A LONGITUDINAL PANEL DATA. JEFA [Internet]. 2022 Dec. 1;9(4):152-65. Available from: https://izlik.org/JA23JD25UK