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dc.contributor.authorKassim, Latifa
dc.date.accessioned2017-04-25T09:38:25Z
dc.date.available2017-04-25T09:38:25Z
dc.date.issued2016-05
dc.identifier.citationKassim, L. (2014). The impact of external debt and debt servicing on economic growth in Zimbabwe, 1980-2011 (Unpublished master's thesis). University of Zimbabwe.en_US
dc.identifier.urihttp://hdl.handle.net/10646/3130
dc.description.abstractThe study looks at the impact of external debt and debt servicing on economic growth. Issues of external debt and their impact on economic growth have been gaining considerable momentum in the past decades. Zimbabwe’s debt situation has been a major cause for concern and recent efforts have seen the country agree to an IMF Staff Monitored Programme to try and rid the economy of this debt. The study makes use of Granger Causality tests, and Vector Autoregression (VAR) analyses which employ the impulse response functions and variance decomposition analysis. Granger Causality tests show that there is uni-directional causal relationship between external debt and economic growth, whilst between debt servicing and growth there is a bi-directional causal relationship. Findings from impulse response tests show that a negative relationship exists among the variables external debt, debt servicing and growth. These findings are consistent with the Debt Overhang Theory. Estimates from variance decompositionshow that there are statistically significant relationships that exist between external debt, debt servicing and economic growth. Furthermore external debt impacts on investments and productivity thereby impacting directly and indirectly on economic growth.en_US
dc.language.isoen_ZWen_US
dc.subjectDebt servicingen_US
dc.subjectEcomonic developmenten_US
dc.subjectDebt managementen_US
dc.subjectExternal debtsen_US
dc.titleThe impact of external debt and debt servicing on economic growth in Zimbabwe, 1980-2011en_US
thesis.degree.advisorKadenge, Phineas G.
thesis.degree.countryZimbabween_US
thesis.degree.disciplineEconomicsen_US
thesis.degree.facultyFaculty of Social Studiesen_US
thesis.degree.grantorUniversity of Zimbabween_US
thesis.degree.grantoremailspecialcol@uzlib.uz.ac.zw
thesis.degree.levelMScen_US
thesis.degree.nameMasters of Science Degree in Economicsen_US
thesis.degree.thesistypeThesisen_US
dc.date.defense2014-05


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