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Empirical Investigation of the Public Debt Non-Linear Effects on Economic Growth in Sub-Saharan African (SSA) Countries in a Context of Re-Indebtedness: the Case of Heavily Indebted Poor Countries
This paper analyzes the non-linear effects of public debt on economic growth in heavily indebted poor countries of sub-Saharan Africa (SSA) in a context of re-indebtedness. The methodology adopted is based on a non-linear dynamic panel model with a threshold effect (First Difference Generalized Method of Moments (FD-GMM)). The period covered is from 2010 to 2019. The results after estimations reveal the existence of a threshold of 58,21% below which the stock of debt has a significant positive impact on economic growth and above which public debt has a significant negative impact on economic growth. In parallel to this first order result, we also find that variables such as trade openness and inflation improve economic growth below the critical debt threshold.(original abstract)
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Impact of Covid-19 on the Unemployment Rate: Empirical Application on Eighteen MENA Countries
The consequences of the COVID-19 which devastated our planet was disastrous in terms of health and economic situation. The purpose of this article is to study the repercussions of the days of lockdown and the human capital index on the unemployment rate, in general and on young people in particular. The study covers eighteen countries in the MENA region. The econometric results have shown that the human capital index has a negative impact on the overall unemployment rate and on young people specifically. These results also indicated that strict confinement measures increase unemployment rate, unlike soft confinement ones.(original abstract)
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