Effect of Public Debt on Economic Growth in Sierra Leone

α
Alpha Bernard Bangura
Alpha Bernard Bangura
α Babcock University

Send Message

To: Author

Effect of Public Debt on Economic Growth in Sierra Leone

Article Fingerprint

ReserarchID

0X1E8

Effect of Public Debt on Economic Growth in Sierra Leone Banner

AI TAKEAWAY

Connecting with the Eternal Ground
  • English
  • Afrikaans
  • Albanian
  • Amharic
  • Arabic
  • Armenian
  • Azerbaijani
  • Basque
  • Belarusian
  • Bengali
  • Bosnian
  • Bulgarian
  • Catalan
  • Cebuano
  • Chichewa
  • Chinese (Simplified)
  • Chinese (Traditional)
  • Corsican
  • Croatian
  • Czech
  • Danish
  • Dutch
  • Esperanto
  • Estonian
  • Filipino
  • Finnish
  • French
  • Frisian
  • Galician
  • Georgian
  • German
  • Greek
  • Gujarati
  • Haitian Creole
  • Hausa
  • Hawaiian
  • Hebrew
  • Hindi
  • Hmong
  • Hungarian
  • Icelandic
  • Igbo
  • Indonesian
  • Irish
  • Italian
  • Japanese
  • Javanese
  • Kannada
  • Kazakh
  • Khmer
  • Korean
  • Kurdish (Kurmanji)
  • Kyrgyz
  • Lao
  • Latin
  • Latvian
  • Lithuanian
  • Luxembourgish
  • Macedonian
  • Malagasy
  • Malay
  • Malayalam
  • Maltese
  • Maori
  • Marathi
  • Mongolian
  • Myanmar (Burmese)
  • Nepali
  • Norwegian
  • Pashto
  • Persian
  • Polish
  • Portuguese
  • Punjabi
  • Romanian
  • Russian
  • Samoan
  • Scots Gaelic
  • Serbian
  • Sesotho
  • Shona
  • Sindhi
  • Sinhala
  • Slovak
  • Slovenian
  • Somali
  • Spanish
  • Sundanese
  • Swahili
  • Swedish
  • Tajik
  • Tamil
  • Telugu
  • Thai
  • Turkish
  • Ukrainian
  • Urdu
  • Uzbek
  • Vietnamese
  • Welsh
  • Xhosa
  • Yiddish
  • Yoruba
  • Zulu

Abstract

The government of Sierra Leone in 2017 indicated that increasing borrowings along with tax measures are the only options available to drive the economy out of recession and sustain growth for now Smith (2017). Debt can be defined as any money owed by an individual, firm or government to a lender. Luke (2017) defined debt as a contractual obligation of owing or accumulated borrowing with a promise to payback at a future date. A developing country like Sierra Leone, wanting to mobilize capital resources to foster economic growth may at one-point resort to borrowing. But why do countries borrow? Countries borrow because of their inability to generate enough savings which could be used for investment. According to Johnson (2018) the amount of capital available in most developing countries treasury is grossly inadequate to meet their economic growth needs due to low productivity, low savings and high consumption pattern.

References

53 Cites in Article
  1. S Abdelmawla,A Mohammed (2015). The impact of external debt on economic growth: An empirical assessment of the Sudan: 1978-2001.
  2. M Abula,D Ben (2016). The impact of public debt on economic development in Sierra Leone.
  3. K Smith (2017). Why we are borrowing more.
  4. Abu Tarawalie,Komba Mbayoh (2017). External Debt and Economic Growth in Sierra Leone: A Threshold Analysis.
  5. (2017). Sierra Leone: Foreign Debts, Stolen Wealth, IFIS and the West. A Case Study.
  6. M Ajao,A Ogiemudia (2013). Foreign debt management and the development of Sierra Leonean economy.
  7. S Ajayi,M Khan (2017). External Debt and Capital Flight in Sub-Saharan Africa.
  8. D Amassomma (2011). External debt, internal debt and economic growth bound in Sierra Leone using a causality approach.
  9. S Amin (1976). Unequal Development: An Essay on the Social Formations of Peripheral Capitalism.
  10. U Aminu,A Ahmadu,M Salihu (2013). External debt impact on the growth of the Sierra Leonean economy.
  11. Marco Arnone,Andrea Presbitero (2015). Sustainability and External Debt Reduction in Poor Countries.
  12. I Audu (2014). The impact of external public debt on economic growth: an economic study: the case of Morocco.
  13. F Johnson,F Johnson (2018). The Impact of External Debt on Economic Growth: A Comparative Study of Sierra Leone and South Africa.
  14. A Blinder (2018). Keynesian Economics. 2nd Edition.
  15. Leroy Johnson (2014). Crafting Banking Sector Stability Index for Sierra Leone.
  16. H Cherinor,A Strout (2016). Report of the Treasurer.
  17. B Clements,R Bhattacharya,T Nguyen (2015). External Debt, External Investment and Growth in Low Income Countries.
  18. David Ricardo (1772). Ricardo, David (1772–1823).
  19. (2012). Debt Management Office of Sierra Leone (DMO).
  20. Godwin Doctor,Obaseki (2016). Doing Business Economy Profile 2017: Sierra Leone.
  21. D Ejigayehu (2013). The Effect of Government Debt, External Debt and their Interaction on OECD Interest Rates.
  22. M C. Ekperiware,S I. Oladeji (2012). External Debt Relief and Economic Growth in Nigeria.
  23. O Elom-Obed,S Odo,O Elom,C O & Anoke (2017). Public debt and economic growth in Sierra Leone.
  24. F Fajana (2014). Sierra Leone (English).
  25. K Faraji,S Makame (2013). The impact of external public debt on economic growth: an economic study: the case of Morocco.
  26. N Gujarati (2016). Essentials of Econometrics.
  27. A Hameed,H & Ashraf,M Chaudhary (2018). The Impact of External Debt on Economic Growth of Pakistan.
  28. S Hunt (2017). Economic Growth: Should Policy Focus on Investment on Dynamic Competition?.
  29. Gauri Agarwal,Alpana Razdan,Rakesh Samal,Vandana Sharma,Shikha Koul,Vandana Mishra (2010). Genetic Signatures of Chromosome 20 Mosaicism in Recurrent Pregnancy Loss.
  30. (2017). Unknown Title.
  31. Kimberly Amadeo (2018). What is gross domestic product? How it affects you.
  32. Luke (2017). External debt burden and the capital accumulation of Sierra Leone.
  33. O Mimiko (2017). D37. TOPICS IN GLOBAL HEALTH SERVICES RESEARCH.
  34. A Momodu (2012). Effect of Debt servicing on Economic growth in Sierra Leone. A case study of Sierra Leone.
  35. A Momoh,T Fehn (2015). William K. Tabb and Larry Sawers, eds. Marxism and the Metropolis: New Perspectives in Urban Political Economy. New York: Oxford University Press, 1978.
  36. (2018). Sierra Leone - Debt Conversion.
  37. M Sankoh (2014). Aid, private capital flows and external debt: A review of trends.
  38. M James (2017). Figure 2. Stock of total external debt (% of GDP) and debt service (% of exports of goods and services)Sierra Leone.
  39. M Ogunmuyiwa (2011). Does External Debt Promote Economic Growth?.
  40. J Omotola (2015). Ngozi Okonjo-Iweala, Charles C. Soludo and Mansur Murtar (eds), The Debt Trap in Nigeria: towards a sustainable debt strategy. Trenton, NJ: Africa World Press (hb price not stated – 1 59221 000 7; pb £17.99 – 1 59221 001 5). 2003, 280 pp..
  41. L Osman (2013). External debt: A potential tool for economic development.
  42. B Sankoh (2014). Principles of International Finance.
  43. S Omoruyi (2015). Figure 1.32. Regional debt indicators.
  44. M Safdari,M Mehrizi (2011). External Debt and Economic Growth in Iran.
  45. M Saifuddin (2014). Public debt and economic growth.
  46. Lamido Sanusi,Sanusi (2011). Why Sierra Leoneans has failed to achieve economic growth, by sanusi -Vanguard news.
  47. Simon Kuznets (2015). Measurement of economic growth.
  48. (2015). The Debt Trap in Sierra Leone.
  49. L Suleiman,B Azeez (2012). Effect of External Debt on Economic Growth of Sierra Leone.
  50. A Tawfiq,A Abdullah (2017). An impact of public debt on economic growth of Jordan.
  51. M Todaro (2015). Training and Development.
  52. K Uma,F Eboh,P Umaru,A Hamidu,A Musa,S (2013). External debt and domestic debt impact on the growth of Sierra Leonean economy.
  53. M Were (2001). The Impact of External Debt on Economic Growth in Kenya: An Empirical Assessment.

Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Alpha Bernard Bangura. 2020. \u201cEffect of Public Debt on Economic Growth in Sierra Leone\u201d. Global Journal of Management and Business Research - B: Economic & Commerce GJMBR-B Volume 20 (GJMBR Volume 20 Issue B4): .

Download Citation

Issue Cover
GJMBR Volume 20 Issue B4
Pg. 67- 82
Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords
Classification
GJMBR-B Classification: JEL Code: F43
Version of record

v1.2

Issue date

April 18, 2020

Language
en
Experiance in AR

Explore published articles in an immersive Augmented Reality environment. Our platform converts research papers into interactive 3D books, allowing readers to view and interact with content using AR and VR compatible devices.

Read in 3D

Your published article is automatically converted into a realistic 3D book. Flip through pages and read research papers in a more engaging and interactive format.

Article Matrices
Total Views: 2481
Total Downloads: 1336
2026 Trends
Related Research

Published Article

The government of Sierra Leone in 2017 indicated that increasing borrowings along with tax measures are the only options available to drive the economy out of recession and sustain growth for now Smith (2017). Debt can be defined as any money owed by an individual, firm or government to a lender. Luke (2017) defined debt as a contractual obligation of owing or accumulated borrowing with a promise to payback at a future date. A developing country like Sierra Leone, wanting to mobilize capital resources to foster economic growth may at one-point resort to borrowing. But why do countries borrow? Countries borrow because of their inability to generate enough savings which could be used for investment. According to Johnson (2018) the amount of capital available in most developing countries treasury is grossly inadequate to meet their economic growth needs due to low productivity, low savings and high consumption pattern.

Our website is actively being updated, and changes may occur frequently. Please clear your browser cache if needed. For feedback or error reporting, please email [email protected]

Request Access

Please fill out the form below to request access to this research paper. Your request will be reviewed by the editorial or author team.
X

Quote and Order Details

Contact Person

Invoice Address

Notes or Comments

This is the heading

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

High-quality academic research articles on global topics and journals.

Effect of Public Debt on Economic Growth in Sierra Leone

Alpha Bernard Bangura
Alpha Bernard Bangura Babcock University

Research Journals