The rising public debt level in Africa and the sustainability of that debt remains an important
research agenda. As such, understanding the factors that impact the rising public debt level
in Africa remains an important research agenda. Our paper investigates the key determining
drivers that have a direct and indirect impact on the rising level of public debt in Africa from a
panel of 47 African nations for the period 2000–2018. Using the generalized method of
moments (GMM) and fixed effects two-stage least squares (IV-FE) methodological approach …

The rising public debt level in Africa and the sustainability of that debt remains an important
research agenda. As such, understanding the factors that impact the rising public debt level
in Africa remains an important research agenda. Our paper investigates the key determining
drivers that have a direct and indirect impact on the rising level of public debt in Africa from a
panel of 47 African nations for the period 2000–2018. Using the generalized method of
moments (GMM) and fixed effects two-stage least squares (IV-FE) methodological approach …