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2014, vol. 61, iss. 6, pp. 669-689
External debt and economic growth in Tunisia
Laboratoire d'intégration Économique Internationale, Faculté des Sciences Economiques et de Gestion de Tunis, Université El Manar, Tunisie + École Polytechnique de Tunisie, Université de Carthage, Tunisie

emailSamir_abdelhafidh@yahoo.fr
Abstract
This paper investigates the external debt effect on economic growth in Tunisia. Our empirical methodology is based on the autoregressive distributed lag approach. We find that in the long- as well as in the short-run, external debt had a negative effect on growth over the 1970-2010 period. The long-run effect was slightly higher in the period before the Ben Ali's presidency than in the period after. However, during his period, the external debt short-run effect was the double of that observed during the period before. These results suggest that an external debt reduction should favor economic growth in Tunisia.
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article language: French
document type: Original Scientific Paper
DOI: 10.2298/pan1406669a
published in SCIndeks: 10/05/2015