caused persistence in fiscal deficit and the accumulation of public debt over time. These woes are added further by … persistent deficit in external accounts and, the resultant depreciation of Pakistani Rupee, which has havocked the cost of debt … (SOEs), government guarantees to the Independent Power Producers (IPPs), unsustainable debt and huge cost of debt …

off-balance accounting, while high-debt countries reduce the private investors’ interest in PPP. Fiscal rules increased …

is no effect on budget deficits. These findings can be explained by a model in which direct democracy allows voters to …

This study considers how present-biased preferences influence public debt policy when a violation of debt rules is … exhibits a strong present bias. We further extend the model by introducing a political process for determining the debt rule …, and we show that a polarization of debt rules emerges between countries with high and low degrees of present bias. …

regression results), annual time series data and the generalized least squares technique to examine the effects of external debt … and external debt servicing on economic growth in Ethiopia between 1990 and 2018. Alemayahu and Zerfu (1998) confirm that … the level of debt in Ethiopia is beyond the capacity of the country to service it. This problem then begs the following …

. Either budgetary deficit and public debt contain the quintessence of the convergence efforts in taking into account the … public debt, as much as each country is a part of a whole, is henceforth a reliable link for the member states of this great …

effects of the budget policy.For that, we initially test the stationnarity of the debt on GDP ratio of the countries in the … to determine a rate of debt of 79% of the GDP, below which the expansionist policies have favorable effects on the …