Munich Personal RePEc Archive

Crise de la dette et détresse sociale du peuple congolais

Izu, Akhenaton (2014): Crise de la dette et détresse sociale du peuple congolais. Published in: Journal Jeune économiste , Vol. 16, No. 120 (7. April 2015): pp. 60-76.

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Abstract

The objective of this paper is to highlight the idea according to wish the current misery of the DRC would be mainly dependent on the debt crisis of the years 1970-1980. To analyze this problem, the econometric approach was privileged and more precisely the cointegration. By the cointegration, one seeks to know if there is a long-term relation between the debt in% of the GDP and the GDP per capita. After deepened analyses, it was found that the weight of the external debt, with through the ousting of the welfare expenditures and the investments, had a negative effect on the population well-being. The undertaken studies reveal when the debt in % of the GDP increases by 10%, the GDP per capita decreases by 6.5% in short-term and by 23% in long-term.

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