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dc.contributor.supervisor Darku, Alexander B.
dc.contributor.author Dery, Cosmas B.D.
dc.contributor.author University of Lethbridge. Faculty of Arts and Science
dc.date.accessioned 2016-08-08T22:13:50Z
dc.date.available 2016-08-08T22:13:50Z
dc.date.issued 2016
dc.identifier.uri https://hdl.handle.net/10133/4572
dc.description.abstract The concurrent high level of economic openness and external debt in Sub-Saharan Africa (SSA) has ignited questions on whether the debt problem in SSA is an openness problem. This thesis examines the relationship between openness and the likelihood of debt crisis occurrence in 46 SSA countries using panel data from 1980 to 2013. We also investigate the external debt accumulation effect of openness in a dynamic external debt model. From Our GMM estimation we found external debt to be an increasing function of openness initially and a decreasing function of openness over time. Using logit MLE, we found the external debt accumulation effect of openness to effectively translate into increased risk of debt crisis occurrence initially but over time, openness decreases the probability of debt crisis occurrence. Our results are robust to alternative measures of openness as well as changes in the definition of external debt and debt crisis. en_US
dc.language.iso en_CA en_US
dc.publisher Lethbridge, Alta : University of Lethbridge, Dept. of Economics en_US
dc.relation.ispartofseries Thesis (University of Lethbridge. Faculty of Arts and Science) en_US
dc.subject debt crisis en_US
dc.subject economic openness en_US
dc.subject external debt en_US
dc.subject marginal effect of openness en_US
dc.subject Sub-Saharan Africa en_US
dc.title Economic openness, sovereign debt and debt crisis : evidence from Sub-Saharan Africa en_US
dc.type Thesis en_US
dc.publisher.faculty Arts and Science en_US
dc.publisher.department Department of Economics en_US
dc.degree.level Masters en_US
dc.proquest.subject 0501 en_US
dc.proquestyes Yes en_US
dc.embargo No en_US


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