@workingpaper{ASONGU2014bb,
title = {Inclusive human development in pre-crisis times of globalisation-driven debts},
author = {Uchenna EFOBI & Ibukun BEECROFT Simplice A. ASONGU},
editor = {African 2014 Governance and Development Institute WP/24/14},
url = {http://www.afridev.org/RePEc/agd/agd-wpaper/Inclusive-human-development-in-pre-crisis-times-of-globalisation-driven-debts.pdf},
year = {2014},
date = {2014-12-01},
abstract = {The paper verifies the Azzimonti et al. (2014) conclusions on a sample of 53 African
countries for the period 1996-2008. Authors of the underlying study have established
theoretical underpinnings for a negative nexus between rising public debt and inequality in
OECD nations. We assess the effects of four debt dynamics on inequality adjusted human
development. Instrumental variable and interactive regressions were employed as empirical
strategies. Two main findings were established which depend on whether debt is endogenous
to or interactive with globalisation. First, when external debt is endogenous to globalisation,
the effect on inclusive human development is negative, whereas when it is interactive with
globalisation, the effect is positive. This may reflect the false economics of pre-conditions.
The magnitudes of negative estimates from endogenous related effects were higher than the
positive marginal interactive effects. Policy implications were discussed.},
keywords = {Debts; globalisation; inequality; inclusive development; Africa},
pubstate = {published},
tppubtype = {workingpaper}
}