May 2016

Impact of external debt on the productive efficiency in Togo economy

The objective of this study is to measure the productive efficiency of the external debt of the Togo economy. To do this, the technique of stochastic production frontier used by Drine and Nabi was used to assess the contribution of different factors, especially external debt to the productivity performance over the period from 1980 to 2012. The study results confirm the non-linear effect of external indebtedness on...

Author(s): Komlan Ametowoyo Adeve