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<link>https://www.ajol.info/index.php/ajer/article/view/339878</link>
<title>Structural Transmission of External Debt to Economic Growth: The Role of Agricultural Dependence in Nigeria, Ghana, and C&#244;te d&#8217;Ivoire.</title>  <source url="https://www.ajol.info/index.php/ajer">African Journal of Economic Review</source>
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<![CDATA[The study examined how external debt influences economic growth in Nigeria, Ghana, and C&#244;te d&#8217;Ivoire, paying particular attention to the mediating role of agricultural dependency. Using annual macroeconomic data spanning 1981-2024 from the World Bank&#8217;s World Development Indicators (WDI) database, we employed the Pooled Mean Group Autoregressive Distributed Lag (PMG-ARDL) framework estimated within an error-correction mechanism validated by appropriate robustness check. The results demonstrate that external debt stock statistically reduced the long-run effect on economic growth. Specifically, a 1% increase in debt stock reduces long-run growth by approximately 0.082 in the baseline PMG-ARDL model. Similarly, debt-servicing obligations reduce growth by approximately 0.023 and 0.022% in the debt-growth and debt-agriculture-growth specifications, confirming that both debt accumulation and repayment commitments limit macroeconomic performance within the sampled economies. Although debt-financing provides a temporary boost for the agriculture sector in the short run, agricultural dependency does not significantly link debt and growth. The Sobel mediation statistic (-0.148; p andgt; 0.05) further suggests that agriculture does not significantly transmit debt to growth. The error-correction coefficients of -0.621, -0.634 and -0.630 indicate relatively rapid annual adjustment toward long-run equilibrium following short-run shocks. Overall, the findings suggest that the adverse effects of external debt are primarily transmitted through broader macroeconomic channels such as debt overhang, fiscal crowding-out, refinancing pressures, and macroeconomic instability. The study therefore recommends tighter debt management frameworks and efficient allocation of borrowed resources. Further, reforms that enhance agricultural productivity to facilitate structural transformation should be promoted in the selected West African economies.]]>
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<pubDate>Thu, 29 Oct 2026 11:53:58 +01:00</pubDate>
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<link>https://www.tandfonline.com/doi/full/10.1080/19392206.2026.2747600?af=R</link>
<title>THE MOTIVATIONS OF BANDITRY IN NORTH-WEST NIGERIA</title>  <source url="https://www.tandfonline.com/loi/uafs20?af=R">Routledge: African Security: Table of Contents</source>
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<pubDate>Thu, 29 Oct 2026 11:58:32 +01:00</pubDate>
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