This article focuses on establishing empirical links between debt, investment and economic growth in South Africa. We used VAR methodology tools to study the relationships between variables like the total public debt, total private debt, public and private investment, borrower’s interest rate...

Many Sub-Saharan African (SSA) countries, like Benin, have scaled up public investment during the last decade. Such a strategy contributed to the improvement of infrastructure, but also to a build-up of debt vulnerabilities. Looking forward, the planned fiscal consolidation will result in some...