Department of Economic Modeling and Statistical Analysis, National Bank of Ethiopia, Addis Ababa, Ethiopia
Research Article
Impacts and Determinants of External Debt Service in Ethiopia
Author(s): Shimelis Fikre Chala*
The main purpose of this study is to identify the determinants of the external debt service and decisive impacts in Ethiopia. The annual time series data span from 1987/88 to 2021/22 EFY is used. Based on criteria of pre-estimation and ability to capture dynamism among the variables the study used Auto Regressive and Distributed Lag model (ARDL). The finding shows that; the nature of external debt service of Ethiopia is fluctuate overtime due to varies factors. Incorporated variables in the model are RGDP, consumer price index, current account balance, trade openness, total export of goods and service, real effective exchange rate, government effectiveness and external debt. The result of ARDL estimation model reveals that consumer price index and external debt have negative impacts on external debt service of Ethiopia. While, real gross domestic product and trade openness has positiv.. Read More»
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