Regional Disparities in the WAMZ: Integrating the Role of Market Potential and Structural Change

Omotor, Douglason G.; Saka, Jimoh

doi:10.1007/978-3-319-44787-2_10

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Economic Growth In Economic Community Of West African States1

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2021

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“…The share of the Services sub-sector in Ghana declined from 48.18% in 2010 to 42.7% in 2017 (Table 2 and Figure 2). Manufacturing and Industry accounted for an exceedingly small proportion of the region's GDP, which signifies a weak structural transformation of the economies [Omotor, 2016;Omotor and Saka, 2017;Ekpo and Omotor, 2019; African Development Bank (AfDB), 2019b].…”

Section: Economic Growth In Economic Community Of West African Statesmentioning

confidence: 99%

External debt sustainability in West African countries

Omotor

2021

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Purpose This paper aims to apply the debt sustainability framework using various ratios to review the current state of sovereign debt of Economic Community of West African States (ECOWAS) member countries. Design/methodology/approach Debt sustainability framework using various ratios (which include the present value approach, Country Policy and Institutional Assessment debt policy assessment ranking and solvency ratio of external debt) for the period 2010 and 2017 were used for the analysis to determine external debt sustainability and solvency of ECOWAS members. Findings The findings indicate that most ECOWAS countries are already turning at the unsustainable debt path and may renege in their debt obligations, thus creating a vicious cycle of external borrowing that could lead to capital flight. Originality/value This paper offers the empirical evidence to identify which of the ECOWAS countries are already at the threshold of external debt stress, and in the likelihood to renege on their debt obligations.

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Section: Economic Growth In Economic Community Of West African Statesmentioning

confidence: 99%

External debt sustainability in West African countries

Omotor

2021

REPS

View full text Add to dashboard Cite

show abstract

Regional Disparities in the WAMZ: Integrating the Role of Market Potential and Structural Change

Cited by 1 publication

References 12 publications

External debt sustainability in West African countries

External debt sustainability in West African countries

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