The Relative Impact of Petroleum Imports on Long Term National Debt. The Zambian Case (1980- 2019).
| dc.contributor.author | CHIBWE, Joseph D.B. | |
| dc.date.accessioned | 2023-05-26T11:08:23Z | |
| dc.date.available | 2023-05-26T11:08:23Z | |
| dc.date.issued | 2022 | |
| dc.description.abstract | The study analyzed the relative impact of the Zambian petroleum imports on its national debt as a decomposed general macroeconomic process. The study established statistically significant long-run national debt-reducing effects resulting from petroleum imports, GDP, gross capital formation, and private consumption expenditures in both the dormant and expansive states of the model. Also revealed are statistically significant long-run national debt-increasing effects resulting from Government expenditures and national exports in both states of the model, with the non-petroleum imports being statistically insignificant and inconclusive. The research, therefore, recommends that; the Government and/or petroleum authorities seek cheaper sources of petroleum, curtail debt-increasing expenditures as well as promote gross capital formation to reinforce the debt-reducing economic multiplier effects for reduced national debt in the long run. | en_US |
| dc.identifier.uri | http://research.unilus.ac.zm/xmlui/handle/123456789/173 | |
| dc.language.iso | en | en_US |
| dc.subject | Petroleum Imports; National Exports; Government Expenditure; Gross Capital Formation; Markov Switch Auto regression Model; National Debt | en_US |
| dc.title | The Relative Impact of Petroleum Imports on Long Term National Debt. The Zambian Case (1980- 2019). | en_US |
| dc.type | Thesis | en_US |