The Impact of Domestic Debt on Economic Growth in Malawi
| dc.contributor.advisor | Alhassan, Abdul Latif | |
| dc.contributor.author | Chitera, Felix | |
| dc.date.accessioned | 2021-08-04T08:22:38Z | |
| dc.date.available | 2021-08-04T08:22:38Z | |
| dc.date.issued | 2020 | |
| dc.date.updated | 2021-08-03T11:08:16Z | |
| dc.description.abstract | Domestic debt has over recent years increasingly grown to be a significant portion of the financing budget for the government of Malawi. As such, this study investigated the impact that domestic debt has on economic growth in Malawi. The research employed classical time series estimations techniques covering unit root and cointegration analysis based on annual data from 1984 to 2015 to examine the long-run and short-run relationship between domestic debt and economic growth in Malawi. The findings of the study show that in the long-run domestic debt has a positive impact on economic growth in Malawi, while a negative long-run relationship was established between inflation and economic growth. High inflation was found to stifle economic growth. In addition, the study established that government consumption expenditure and population growth also have a negative impact on economic growth. The study therefore recommends that the government needs to use domestic debt in moderation for as long as it positively impacts economic growth and that an effective monetary policy exists that reins in inflation. Furthermore, the study recommends that government needs to control government expenditure and take acceptable steps that will manage population growth. | |
| dc.identifier.apacitation | Chitera, F. (2020). <i>The Impact of Domestic Debt on Economic Growth in Malawi</i>. (). ,Faculty of Commerce ,Graduate School of Business (GSB). Retrieved from http://hdl.handle.net/11427/33689 | en_ZA |
| dc.identifier.chicagocitation | Chitera, Felix. <i>"The Impact of Domestic Debt on Economic Growth in Malawi."</i> ., ,Faculty of Commerce ,Graduate School of Business (GSB), 2020. http://hdl.handle.net/11427/33689 | en_ZA |
| dc.identifier.citation | Chitera, F. 2020. The Impact of Domestic Debt on Economic Growth in Malawi. . ,Faculty of Commerce ,Graduate School of Business (GSB). http://hdl.handle.net/11427/33689 | en_ZA |
| dc.identifier.ris | TY - Master Thesis AU - Chitera, Felix AB - Domestic debt has over recent years increasingly grown to be a significant portion of the financing budget for the government of Malawi. As such, this study investigated the impact that domestic debt has on economic growth in Malawi. The research employed classical time series estimations techniques covering unit root and cointegration analysis based on annual data from 1984 to 2015 to examine the long-run and short-run relationship between domestic debt and economic growth in Malawi. The findings of the study show that in the long-run domestic debt has a positive impact on economic growth in Malawi, while a negative long-run relationship was established between inflation and economic growth. High inflation was found to stifle economic growth. In addition, the study established that government consumption expenditure and population growth also have a negative impact on economic growth. The study therefore recommends that the government needs to use domestic debt in moderation for as long as it positively impacts economic growth and that an effective monetary policy exists that reins in inflation. Furthermore, the study recommends that government needs to control government expenditure and take acceptable steps that will manage population growth. DA - 2020_ DB - OpenUCT DP - University of Cape Town KW - Development Finance LK - https://open.uct.ac.za PY - 2020 T1 - The Impact of Domestic Debt on Economic Growth in Malawi TI - The Impact of Domestic Debt on Economic Growth in Malawi UR - http://hdl.handle.net/11427/33689 ER - | en_ZA |
| dc.identifier.uri | http://hdl.handle.net/11427/33689 | |
| dc.identifier.vancouvercitation | Chitera F. The Impact of Domestic Debt on Economic Growth in Malawi. []. ,Faculty of Commerce ,Graduate School of Business (GSB), 2020 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/33689 | en_ZA |
| dc.language.rfc3066 | eng | |
| dc.publisher.department | Graduate School of Business (GSB) | |
| dc.publisher.faculty | Faculty of Commerce | |
| dc.subject | Development Finance | |
| dc.title | The Impact of Domestic Debt on Economic Growth in Malawi | |
| dc.type | Master Thesis | |
| dc.type.qualificationlevel | Masters | |
| dc.type.qualificationlevel | MBA |