{"id":"https://openalex.org/W2978507705","doi":"https://doi.org/10.1108/ijdi-03-2019-0056","title":"What debt threshold hampers economic growth in Africa?","display_name":"What debt threshold hampers economic growth in Africa?","publication_year":2019,"publication_date":"2019-09-20","ids":{"openalex":"https://openalex.org/W2978507705","doi":"https://doi.org/10.1108/ijdi-03-2019-0056","mag":"2978507705"},"language":"en","primary_location":{"id":"doi:10.1108/ijdi-03-2019-0056","doi":"https://doi.org/10.1108/ijdi-03-2019-0056","is_oa":false,"landing_page_url":"https://doi.org/10.1108/ijdi-03-2019-0056","pdf_url":null,"source":{"id":"https://openalex.org/S80197860","display_name":"International Journal of Development Issues","issn_l":"1446-8956","issn":["1446-8956","1758-8553"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-c","anvur-scientific","cwts-core","jufo-1","norway-1","poland-20","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Development Issues","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5062985006","display_name":"Lord Mensah","orcid":"https://orcid.org/0000-0002-2044-4034","observed_orcids":["https://orcid.org/0000-0002-2044-4034"]},"institutions":[{"id":"https://openalex.org/I138690464","display_name":"University of Ghana","ror":"https://ror.org/01r22mr83","country_code":"GH","type":"education","lineage":["https://openalex.org/I138690464"]}],"countries":["GH"],"is_corresponding":false,"raw_author_name":"Lord Mensah","raw_affiliation_strings":["Department of Finance, University of Ghana, Accra, Ghana"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Finance, University of Ghana, Accra, Ghana","institution_ids":["https://openalex.org/I138690464"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5016529958","display_name":"Divine Allotey","orcid":"https://orcid.org/0000-0001-8903-8088","observed_orcids":["https://orcid.org/0000-0001-8903-8088"]},"institutions":[{"id":"https://openalex.org/I138690464","display_name":"University of Ghana","ror":"https://ror.org/01r22mr83","country_code":"GH","type":"education","lineage":["https://openalex.org/I138690464"]}],"countries":["GH"],"is_corresponding":false,"raw_author_name":"Divine Allotey","raw_affiliation_strings":["Department of Finance, University of Ghana, Accra, Ghana"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Finance, University of Ghana, Accra, Ghana","institution_ids":["https://openalex.org/I138690464"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5024821132","display_name":"Emmanuel Sarpong\u2010Kumankoma","orcid":"https://orcid.org/0000-0003-1734-9594","observed_orcids":["https://orcid.org/0000-0003-1734-9594"]},"institutions":[{"id":"https://openalex.org/I138690464","display_name":"University of Ghana","ror":"https://ror.org/01r22mr83","country_code":"GH","type":"education","lineage":["https://openalex.org/I138690464"]}],"countries":["GH"],"is_corresponding":false,"raw_author_name":"Emmanuel Sarpong-Kumankoma","raw_affiliation_strings":["Department of Finance, University of Ghana, Accra, Ghana"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Finance, University of Ghana, Accra, Ghana","institution_ids":["https://openalex.org/I138690464"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5085960786","display_name":"William Coffie","orcid":"https://orcid.org/0000-0001-7534-9061","observed_orcids":["https://orcid.org/0000-0001-7534-9061"]},"institutions":[{"id":"https://openalex.org/I138690464","display_name":"University of Ghana","ror":"https://ror.org/01r22mr83","country_code":"GH","type":"education","lineage":["https://openalex.org/I138690464"]}],"countries":["GH"],"is_corresponding":false,"raw_author_name":"William Coffie","raw_affiliation_strings":["Department of Finance, University of Ghana, Accra, Ghana"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Finance, University of Ghana, Accra, Ghana","institution_ids":["https://openalex.org/I138690464"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I138690464"],"apc_list":null,"apc_paid":null,"fwci":2.691,"has_fulltext":false,"cited_by_count":59,"citation_normalized_percentile":{"value":0.91454443,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":87,"max":100},"biblio":{"volume":"19","issue":"1","first_page":"25","last_page":"42"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11621","display_name":"Fiscal Policies and Political Economy","score":0.9976000189781189,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11621","display_name":"Fiscal Policies and Political Economy","score":0.9976000189781189,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11770","display_name":"Fiscal Policy and Economic Growth","score":0.0019000000320374966,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.0003000000142492354,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/public-debt","display_name":"public debt","score":0.9470000267028809},{"id":"https://openalex.org/keywords/debt-threshold","display_name":"debt threshold","score":0.8980000019073486},{"id":"https://openalex.org/keywords/economic-growth","display_name":"economic growth","score":0.9929999709129333},{"id":"https://openalex.org/keywords/debt-stock","display_name":"debt stock","score":0.5580000281333923},{"id":"https://openalex.org/keywords/africa","display_name":"Africa","score":0.5059999823570251},{"id":"https://openalex.org/keywords/developing-countries","display_name":"developing countries","score":0.7279999852180481},{"id":"https://openalex.org/keywords/fiscal-policy","display_name":"fiscal policy","score":0.8059999942779541},{"id":"https://openalex.org/keywords/debt-reduction","display_name":"debt reduction","score":0.4650000035762787}],"concepts":[{"id":"https://openalex.org/C120527767","wikidata":"https://www.wikidata.org/wiki/Q3196867","display_name":"Debt","level":2,"score":0.7657738924026489},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.7352963089942932},{"id":"https://openalex.org/C106210156","wikidata":"https://www.wikidata.org/wiki/Q1559695","display_name":"Debt-to-GDP ratio","level":4,"score":0.609902024269104},{"id":"https://openalex.org/C22270272","wikidata":"https://www.wikidata.org/wiki/Q5248601","display_name":"Debt levels and flows","level":4,"score":0.6069231033325195},{"id":"https://openalex.org/C202189257","wikidata":"https://www.wikidata.org/wiki/Q2915683","display_name":"Internal debt","level":3,"score":0.5741128921508789},{"id":"https://openalex.org/C44171179","wikidata":"https://www.wikidata.org/wiki/Q461319","display_name":"External debt","level":3,"score":0.558024525642395},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.5091397166252136},{"id":"https://openalex.org/C2777482880","wikidata":"https://www.wikidata.org/wiki/Q5248608","display_name":"Debt overhang","level":4,"score":0.4653637409210205},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.42446091771125793},{"id":"https://openalex.org/C6422946","wikidata":"https://www.wikidata.org/wiki/Q857354","display_name":"Panel data","level":2,"score":0.42417043447494507},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.2993347644805908},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.06542995572090149},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.0},{"id":"https://openalex.org/C78519656","wikidata":"https://www.wikidata.org/wiki/Q101333","display_name":"Mechanical engineering","level":1,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1108/ijdi-03-2019-0056","doi":"https://doi.org/10.1108/ijdi-03-2019-0056","is_oa":false,"landing_page_url":"https://doi.org/10.1108/ijdi-03-2019-0056","pdf_url":null,"source":{"id":"https://openalex.org/S80197860","display_name":"International Journal of Development Issues","issn_l":"1446-8956","issn":["1446-8956","1758-8553"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-c","anvur-scientific","cwts-core","jufo-1","norway-1","poland-20","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Development Issues","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:eme:ijdi00:ijdi-03-2019-0056","doi":null,"is_oa":false,"landing_page_url":"https://www.emerald.com/insight/content/doi/10.1108/IJDI-03-2019-0056.html?utm_source=repec&utm_medium=feed&utm_campaign=repec","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:RePEc:eme:ijdipp:ijdi-03-2019-0056","doi":null,"is_oa":false,"landing_page_url":"https://www.emerald.com/insight/content/doi/10.1108/IJDI-03-2019-0056/full/html?utm_source=repec&utm_medium=feed&utm_campaign=repec","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/8","score":0.48510000109672546,"display_name":"Decent work and economic growth"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":30,"referenced_works":["https://openalex.org/W1529073918","https://openalex.org/W1534798215","https://openalex.org/W1559607349","https://openalex.org/W1581000962","https://openalex.org/W1656194444","https://openalex.org/W1681395546","https://openalex.org/W1924808612","https://openalex.org/W1969886729","https://openalex.org/W1998813593","https://openalex.org/W2007416690","https://openalex.org/W2053814546","https://openalex.org/W2072682145","https://openalex.org/W2100306399","https://openalex.org/W2123136623","https://openalex.org/W2131739605","https://openalex.org/W2139297672","https://openalex.org/W2155300594","https://openalex.org/W2157028860","https://openalex.org/W2159363835","https://openalex.org/W2166548502","https://openalex.org/W2243162768","https://openalex.org/W2272264120","https://openalex.org/W2316028303","https://openalex.org/W2754495505","https://openalex.org/W2955170915","https://openalex.org/W2955756794","https://openalex.org/W3023428695","https://openalex.org/W3122804116","https://openalex.org/W4238846015","https://openalex.org/W7008925559"],"related_works":["https://openalex.org/W3022720168","https://openalex.org/W4397013881","https://openalex.org/W7113077995","https://openalex.org/W4416940542","https://openalex.org/W4303021542","https://openalex.org/W3033259076","https://openalex.org/W7072013267","https://openalex.org/W4413361599","https://openalex.org/W4400988912","https://openalex.org/W4386689160"],"abstract_inverted_index":{"Purpose":[0],"This":[1,162,216],"paper":[2],"aims":[3],"to":[4,39,78,97,137,201,210,239],"test":[5],"whether":[6],"a":[7,176],"debt":[8,12,51,65,86,94,118,143,184,191,203,221,248,265],"threshold":[9,46,141,165],"of":[10,50,76,82,101,142,157,183,214,259,263],"public":[11,64,93,247,264],"has":[13,52,120],"any":[14],"effect":[15,122],"on":[16,30,55,85,123,243,266],"economic":[17,56,67,105,124,229,267],"growth":[18,68,106,125,250,262],"in":[19,73,107,117,126,130,144,180,251],"Africa.":[20,108],"Design/methodology/approach":[21],"The":[22,109,232],"authors":[23,61],"applied":[24],"the":[25,45,48,60,70,74,114,127,131,140,181,187,244,252,257,260],"panel":[26],"autoregressive":[27],"distributed":[28],"models":[29],"38":[31],"African":[32,128,151,225,253],"countries":[33,129,226],"with":[34],"annual":[35],"data":[36],"from":[37],"1970":[38],"2015.":[40],"It":[41,133],"was":[42],"established":[43,90],"that":[44,63,91,113,139,149,156,218],"and":[47,147,169,249],"trajectory":[49,192],"an":[53],"impact":[54,258],"growth.":[57,230,268],"Findings":[58],"Specifically,":[59],"found":[62],"hampers":[66],"when":[69,205],"depth":[71],"is":[72,234],"region":[75],"20":[77,168],"80":[79,98,211],"per":[80,99,171,212],"cent":[81,100,213],"GDP.":[83,215],"Based":[84],"trajectory,":[87],"this":[88,173],"study":[89,110,163,233],"increasing":[92,199],"beyond":[95],"50":[96,170,209],"GDP":[102],"adversely":[103],"affects":[104],"also":[111,119],"finds":[112],"persistent":[115,261],"rise":[116],"adverse":[121],"sample.":[132],"must":[134],"be":[135,175],"known":[136],"policymakers":[138,179,195],"developing":[145],"countries,":[146,152],"for":[148,178],"matter":[150],"are":[153],"less":[154],"than":[155],"developed":[158],"countries.":[159],"Practical":[160],"implications":[161],"suggests":[164],"effects":[166],"between":[167,208,246],"cent;":[172],"should":[174],"guide":[177],"accumulation":[182],"stock.":[185],"Interestingly,":[186],"findings":[188],"suggest":[189],"some":[190],"effect,":[193],"which":[194],"might":[196],"consider":[197],"by":[198,255],"efforts":[200],"reduce":[202],"levels":[204,222],"they":[206],"fall":[207],"implies":[217],"reducing":[219],"such":[220],"can":[223],"help":[224],"increase":[227],"their":[228],"Originality/value":[231],"unique":[235],"because":[236],"it":[237],"seeks":[238],"add":[240],"new":[241],"evidence":[242],"relationship":[245],"region,":[254],"considering":[256]},"counts_by_year":[{"year":2026,"cited_by_count":6},{"year":2025,"cited_by_count":16},{"year":2024,"cited_by_count":9},{"year":2023,"cited_by_count":19},{"year":2022,"cited_by_count":6},{"year":2021,"cited_by_count":1},{"year":2020,"cited_by_count":2}],"updated_date":"2026-11-07T11:25:07.637180","created_date":"2019-10-10T00:00:00"}