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Is Egypt On A Sustainable Path Of Debt Repayment: Evidence From Imf Framework And Fiscal Reaction Function, Maha Rashied
Is Egypt On A Sustainable Path Of Debt Repayment: Evidence From Imf Framework And Fiscal Reaction Function, Maha Rashied
Theses and Dissertations
Fiscal policy is the starting point for an economy to achieve solid economic and social objectives through macroeconomic stability. Risks associated with excessive borrowing and the required fiscal adjustments are threatening especially to developing countries whose debt to GDP ratios are on the rise. Those countries’ fiscal policies’ sustainability is questioned; hence this research aims at testing for Egypt public debt sustainability and assessing the method capitalized on by the Egyptian authorities; the IMF Approach. By comparing the IMF Debt Sustainability Analysis Approach to the fiscal reaction function with ARDL and VAR as estimation methods, the results of both methods …