The study investigated the impact of decomposed oil price shocks on Zambia’s real aggregate output, its components, and financial markets. A Structural Vector Autoregressive Model was used for short-run analysis and Vector Error Correction Model for long-run analysis. The findings reveal that...
Download PDF ↓Zambia has over the years relied on both internal and external sources of financing to meet budget deficits. As a result the country has amassed huge amounts of domestic and external public debt. Zambia has outstanding Eurobonds that will be coming due in 2024 and it recently defaulted its debt...
Download PDF ↓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...
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