Otieno, Bunde Aggrey - In: Regional science policy and practice : RSPP 16 (2024) 6, pp. 1-16
This study employed an innovative spatial econometrics approach to analyze the spillover effects of foreign public debt … impact of geographical proximity of countries within the region. Our results indicate that foreign public debt, FDI, gross … evident that foreign public debt has a negative impact on economic growth, which is consistent with the debt overhang theory …