Governance, Economic Uncertainty, and Public Debt in Developing Countries: Evidence from Egypt

نوع المستند : المقالة الأصلية

المؤلفون

1 Future University

2 كلية التجارة -جامعة المنوفية

10.21608/asfer.2025.333079.1032

المستخلص

The recent borrowing expansion has raised extensively focused on the critical crisis of debt in both developing and developed countries, Egypt in not an exception, seeking for debt sustainability that should not be sustainable rather it should by bound to specific achievements with timeframe. Shifting the primary goal of country to fulfil its payment flow can lead to blind management of debt. The research aims at to investigate the effects of governance, economic uncertainty, on public debt in Egypt. The study deploys nonlinear Autoregressive Distributed Lagged (ARDL) and Nonlinear Autoregressive Distributed Lagged (NARDL) during g the time (1995-2022). the study reveals that FDI has a significant negative effect over long run; economic uncertainty has a significant positive effect over the long run and the short run, governance has a significant negative impact where the risk indicator has a significant positive effect over the short run only. Asymmetric effect of the results already confirmed by the NARDL model.

الكلمات الرئيسية