Article
Arabic, English, French
ID: <
oai:doaj.org/article:b7c5649e35ff42ccb3614a0af9ef827c>
·
DOI: <
10.48375/IMIST.PRSM/remses-v3i3.10627>
Abstract
This paper assesses the role of political factors as determinants of the external debt level of African countries in the Franc Zone1 over the period 1985-2013. Based on a logit in panel, our results show that the more a country is politically stable, the lower the external debt compared to the gross domestic product. Political stability multiplies 1.18% the chances of being in the sustainable zone of external indebtedness. Thus, countries with good political institutions experience less severe external debt effects than countries with poor political institutions.