Full Text Available
Note: Clicking the button above will open the full text document at the original institutional repository in a new window.
The Impact of Domestic Debt on Economic Growth in Malawi
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...
Saved in:
| Main Author: | |
|---|---|
| Other Authors: | |
| Format: | Thesis |
| Language: | English |
| Published: |
Graduate School of Business (GSB)
2021
|
| Subjects: | |
| Tags: |
No Tags, Be the first to tag this record!
|
| _version_ | 1867613215270109184 |
|---|---|
| access_status_str | Open Access |
| author | Chitera, Felix |
| author2 | Alhassan, Abdul Latif |
| author_browse | Alhassan, Abdul Latif Chitera, Felix |
| author_facet | Alhassan, Abdul Latif Chitera, Felix |
| author_sort | Chitera, Felix |
| collection | Thesis |
| description | 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. |
| format | Thesis |
| id | oai:open.uct.ac.za:11427/33689 |
| institution | University of Cape Town (South Africa) |
| language | eng |
| last_indexed | 2026-06-10T12:32:36.207Z |
| license_str | Not specified — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UCTD — University of Cape Town Open Access Repository |
| publishDate | 2021 |
| publishDateRange | 2021 |
| publishDateSort | 2021 |
| publisher | Graduate School of Business (GSB) |
| publisherStr | Graduate School of Business (GSB) |
| record_format | dspace |
| source_str | UCTD — University of Cape Town Open Access Repository |
| spelling | oai:open.uct.ac.za:11427/33689 The Impact of Domestic Debt on Economic Growth in Malawi Chitera, Felix Alhassan, Abdul Latif Development Finance 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. 2021-08-04T08:22:38Z 2021-08-04T08:22:38Z 2020 2021-08-03T11:08:16Z Master Thesis Masters MBA http://hdl.handle.net/11427/33689 eng application/pdf Graduate School of Business (GSB) Faculty of Commerce |
| spellingShingle | Development Finance Chitera, Felix The Impact of Domestic Debt on Economic Growth in Malawi |
| thesis_degree_str | Master's |
| title | The Impact of Domestic Debt on Economic Growth in Malawi |
| title_full | The Impact of Domestic Debt on Economic Growth in Malawi |
| title_fullStr | The Impact of Domestic Debt on Economic Growth in Malawi |
| title_full_unstemmed | The Impact of Domestic Debt on Economic Growth in Malawi |
| title_short | The Impact of Domestic Debt on Economic Growth in Malawi |
| title_sort | impact of domestic debt on economic growth in malawi |
| topic | Development Finance |
| url | http://hdl.handle.net/11427/33689 |
| work_keys_str_mv | AT chiterafelix theimpactofdomesticdebtoneconomicgrowthinmalawi AT chiterafelix impactofdomesticdebtoneconomicgrowthinmalawi |