Federal finance and statistics / Central Bank of Nigeria

Institutional Quality and Public Debt Dynamics in Sub-Saharan Africa: Implications for Fiscal Sustainability

This paper examines the impact of institutional quality on public debt dynamics in Sub-Saharan Africa (SSA) from 2010 to 2023. Using the system Generalized Method of Moments (GMM) estimator, the study investigates how key governance dimensions (control of corruption, government effectiveness, political stability, regulatory quality, rule of law, and voice and accountability) affect public debt dynamics across 41 SSA countries. GDP growth, debt servicing, population growth, trade openness, | Keywords: Institutional quality, Public debt, Sub-Saharan Africa, fiscal sustainability

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Source	Central Bank of Nigeria
Collection	Federal finance and statistics
Kind	Document
Publisher	Central Bank of Nigeria
Date	2026-02-17
Type	document
Found at	https://www.cbn.gov.ng/api/GetAllDocuments
Archived copy	Look it up in the Wayback Machine
Record ID	`cbn:cbn:150706c4fe593317`

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Institutional Quality and Public Debt Dynamics in Sub-Saharan Africa: Implications for Fiscal Sustainability. Central Bank of Nigeria, 2026. Vero Archive, record cbn:cbn:150706c4fe593317.