Intrigues In Public Debt in SubSaharan Africa Data
Description
Target Population This study targeted to collect data from 48 sub-Saharan Africa countries. Data ranges from the year 1990 to 2022. However, 4 countries were excluded from the study owing to inadequacy of data, leaving 44 countries with a total of 1,452 observations. Sampling Technique This study considers 1,452 observation as few and therefore adopts to embrace a census method approach in analyzing all the available observations. Data Sources This study relied upon already collected, processed and stored data by various organizations such as the World Bank and the International Monetary fund
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Data Diagnostic Tests Hence, this study adopted to use Shapiro Wilk Test (1965) to test for data Normality, Levin-Lin-Chu (2002) test for data stationarity and Variance Inflation Factors – VIF (Theil, 1971) for multi collinearity tests. Other tests conducted include Whites (1980) general test for heteroskedasticity, Wood-ridge (2002) test to check for auto-correlation and Pearson’s Pair-wise (1986) correlation analysis to test for both the direction and the extent of association amongst the variables under study. Model Specification Using Panel Corrected Standard Errors (PCSE) estimation method, the study sought to establish the relationship between various explanatory variables and public debt.