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Title: The determinants of external debt service in Africa
Authors: Uchendu, Okorie A.
Keywords: External Debt
Debt service
Sub-Saharan Africa
External Debt Service
Issue Date: Mar-1994
Publisher: Central Bank of Nigeria, Research Department
Citation: Uchendu, Okorie A. (1994). The determinants of external debt service in Africa. CBN Economic and Financial Review, 32(1). 34 - 46.
Series/Report no.: Vol. 32;No.1
Abstract: The paper investigated how changes in commodity prices, exchange and interest rates, and terms of trade affect external debt service. The paper employed capital recovery theory and regression analysis in evaluating a model for Sub-Saharan Africa as a whole, and Nigeria, Ghana, Cote d'Ivoire and Egypt. The results of the study confirmed empirically the widely held view that increase in commodity prices enhances the ability of the countries in the region to service their external debts.
ISSN: 1957 - 2968
Appears in Collections:Economic and Financial Review

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