DETERMINANTS OF THE EXTERNAL DEBT IN TOGO: WHAT TEACHING FOR TOGO?

Franck Essosinam Karabou

Abstract


This work aims to highlight the characteristic elements of Togo's external public debt. The results after estimates, revealing the external debt as the dependent variable, indicate that, in the short term, the quality of the institutions and imports have significant effects on the external debt and the effect of the 1994 devaluation. In the long run, imports, export variation, and the quality of institutions have a significant impact on external debt and the effect of the devaluation in 1994.


Keywords


External debt, debt service, economic growth.

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DOI: http://dx.doi.org/10.12955/ejbe.v12i2.1119

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