Sumba, Jerry Ogutu; Ochenge, Rogers; Joshua, Paul Mugambi; … - In: Cogent economics & finance 12 (2024) 1, pp. 1-16
This study examined the effect of public debt on macroeconomic stability among 45 sub-Saharan African (SSA) countries for the period 2005-2022 using the two-step system Generalized Method of Moments (GMM). The study disaggregated public debt into domestic and foreign borrowing and determined the...