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Open access Aug 2026

The Impact of Public External Debt on Capital Formation in Sub-Saharan Africa: A Panel GMM Analysis

This study investigates the impact of public external debt on capital formation in five selected Sub-Saharan African (SSA) countries using panel data from 1990 to 2025. Employing the Generalized Method of Moments (GMM) technique, the analysis reveals a statistically significant and positive relationship between externa...

I. Kubalu, Mohamad Syafiqi Hashim · 0 citations

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