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International Journal of Economics & Management Sciences

The Role of External Debt on Economic Growth: Evidence from Mauritania

Limam Ould Mohamed Mahmoud*
Faculty of Economics and Management Sciences, International Islamic University Malaysia, Selangor, Kuala Lumpur 53100, Malaysia
Abstract :

This study investigates the role of external debt on the economic growth of Mauritania. It applies various econometrics techniques such as unit root test, Ordinary Least Square (OLS), Johansen Co-Integration Test. The study used Gross Domestic Product (GDP) as dependent variables, and External Debt (ED) and Debt Servicing (DS) as independent variables. The result showed that all variables are stationary at the 1st difference level. OLS test indicates a positive relationship between the GDP and ED and negative relationship between GDP and DS. The Johansen Co-Integration Test revealed a negative relationship between GDP and ED and positive relationship between GDP and DS. The findings support the recommendation that the Mauritanian government should reduce its dependence on external debt by stepping up efforts to boost internal revenue sources

Keywords :
Gross domestic product; External debt; Debt servicing

Date Deposited : 04 May 2016 00:06

Last Modified : 09 May 2016 20:50

Official URL:

Volume 4, Number 4, April 2015 , ISSN 2162-6359

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