- Title
- Natural resource rents and public debt in selected resource in rich Sub-Saharan AfricanCountries
- Creator
- Chizengeya, Elisha
- Description
- Many Sub-Saharan African countries are endowed with natural resources and yet their public debts are keeping on ballooning. The skyrocketing of these debts can cause a public debt crisis which can further bite on the poor who are already living miserable lives in resource-rich countries. This study examines the impact of natural resource rents on public debt in Sub-Saharan African (SSA) countries from 2000 to 2020, utilising the panel ARDL technique. The main objective of this research work was to investigate the relationship between natural resource rents and public debt in selected resource-rich Sub-Saharan African countries. The panel ARDL technique employed in this study strengthens the analysis by considering both short-run and long-run dynamics. In the short run, a significant and negative relationship is observed between natural resource rents and public debt, aligning with the theoretical expectations of resource-rich economies benefiting from increased revenues. However, in the long run, a contrasting pattern emerges, indicating that natural resource rents contribute to an increase in public debt, highlighting the challenges associated with the resource curse phenomenon. The empirical analysis reveals noteworthy findings with implications for theory, practice, and policy. The findings underscore the need for careful fiscal management and prudent policies in resource-rich countries to avoid excessive debt accumulation over the long term. This highlights the importance of implementing effective governance mechanisms, transparency, and accountability frameworks to manage natural resource revenues responsibly. In conclusion, this study contributes to the understanding of the relationship between natural resource rents and public debt in SSA countries. It emphasizes the importance of balancing short-term fiscal benefits with long-term sustainability and provides valuable insights for policymakers to design and implement effective resource management strategies.
- Description
- Thesis (Masters) -- Faculty of Economics and Financial Sciences, 2023
- Date
- 2023-00
- Subject
- Rents and Public debt
- Type
- Masters theses, text
- Identifier
- http://hdl.handle.net/11260/9970
- Identifier
- vital:74930
- Format
- computer, online resource, application/pdf, 1 online resource (105 pages), pdf
- Publisher
- Walter Sisulu University, Faculty of Economics and Financial Sciences
- Language
- English
- Rights
- Faculty of Economics and financial Sciences, All Rights Reserved, Open Access
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| Thumbnail | File | Description | Size | Format | |||
|---|---|---|---|---|---|---|---|
| View Details Download | SOURCE1 | Chizengeya, E(222 481 714) MCom Final Dissertation 03-06-2023 (002).pdf | 1 MB | Adobe Acrobat PDF | View Details Download |