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External debt sustainability in West African countries

Douglason G. Omotor

Review of Economics and Political Science2021https://doi.org/10.1108/reps-11-2019-0144article
AJG 1
Weight
0.60

What the paper says

Purpose This paper aims to apply the debt sustainability framework using various ratios to review the current state of sovereign debt of Economic Community of West African States (ECOWAS) member countries. Design/methodology/approach Debt sustainability framework using various ratios (which include the present value approach, Country Policy and Institutional Assessment debt policy assessment ranking and solvency ratio of external debt) for the period 2010 and 2017 were used for the analysis to determine external debt sustainability and solvency of ECOWAS members. Findings The findings indicate that most ECOWAS countries are already turning at the unsustainable debt path and may renege in their debt obligations, thus creating a vicious cycle of external borrowing that could lead to capital flight. Originality/value This paper offers the empirical evidence to identify which of the ECOWAS countries are already at the threshold of external debt stress, and in the likelihood to renege on their debt obligations.

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https://doi.org/https://doi.org/10.1108/reps-11-2019-0144

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@article{douglason2021,
  title        = {{External debt sustainability in West African countries}},
  author       = {Douglason G. Omotor},
  journal      = {Review of Economics and Political Science},
  year         = {2021},
  doi          = {https://doi.org/https://doi.org/10.1108/reps-11-2019-0144},
}

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External debt sustainability in West African countries

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Evidence weight

0.60

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.63 × 0.4 = 0.25
M · momentum0.80 × 0.15 = 0.12
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.