• Contact Us
    • Send Feedback
    • Login
    View Item 
    •   Home
    • Journal and Journal Articles
    • Journal and Journal Articles
    • View Item
    •   Home
    • Journal and Journal Articles
    • Journal and Journal Articles
    • View Item
    JavaScript is disabled for your browser. Some features of this site may not work without it.

    Browse

    Whole Repository
    CollectionsIssue DateRegionCountryHubAffiliationAuthorsTitlesSubject
    This Sub-collection
    Issue DateRegionCountryHubAffiliationAuthorsTitlesSubject

    My Account

    Login

    Welcome to the International Institute of Tropical Agriculture Research Repository

    What would you like to view today?

    On measuring indebtedness of African countries

    Thumbnail
    View/Open
    nkamleu-on measuring-2007.pdf (91.39Kb)
    Date
    2007-01
    Author
    Nkamleu, G.B.
    Tsafack, R.
    Type
    Journal Article
    Target Audience
    Scientists
    Metadata
    Show full item record
    Abstract/Description
    Since the 1950s, export credits have been an important source of finance in most African countries, where they allow more to be invested with less sacrifice of current consumption. This paper provides a framework for comprehensively measuring indebtedness and gives, therefore, a basis for setting objective principles for debt reduction measures. The paper uses a stochastic frontier production function approach and the technical efficiency computation procedure to develop an indebtedness index for 46 African countries. Variations in indebtedness index are explained through a number of institutional, socio-political and geographical factors. The indebtedness index across African countries ranges from a minimum of 3.6% (South Africa) to a maximum of 92% (Zambia), with an average of 69%. Former French colonies exhibited higher indebtedness than former British, Portuguese, or Spanish colonies. Countries in the northern part of the continent are relatively more indebted, while those in the southern part have a lower indebtedness index. Countries which have experienced extended civil wars are generally less indebted. Finally, we measured a significantly higher indebtedness among those countries with dictatorial and corrupt governments.
    Permanent link to this item
    https://hdl.handle.net/20.500.12478/2681
    IITA Subjects
    Policies And Institutions; Socioeconomy
    Agrovoc Terms
    External Debt; Indebtedness; Index; Institutions
    Regions
    Africa; Southern Africa
    Countries
    South Africa; Zambia
    Journals
    African Finance Journal
    Collections
    • Journal and Journal Articles4835
    copyright © 2019  IITASpace. All rights reserved.
    IITA | Open Access Repository