@article{Salameh_Alodadi_Alzubi_2020, title={The Effect of Sovereign Debt on Economic Growth: The Case of Oil-Rich Countries}, volume={10}, url={https://www.econjournals.com/index.php/ijefi/article/view/9120}, abstractNote={<p>Key studies have identified the need to study the role of sovereign debt on economic growth, particularly in relation to countries with heavily oil-based status economies. This paper applies a panel vector autoregressive approach to examine the impact of sovereign debt on economic prosperity in several oil-rich countries between 2002 and 2017. The results show that in oil countries, like other developing countries, government debt has not had a positive impact on enhancing economic growth, resulting in a reluctance of such countries to invest debts in production, and a desire for the type of diversification of sources of income observable in most advanced countries.</p><p><strong>Keywords: </strong>Co-integration, Sovereign Debt, Oil-rich Countries</p><p><strong>JEL Classifications: </strong>A10, B22, B23, E23, E52, E62</p><p>DOI: <a href="https://doi.org/10.32479/ijefi.9120">https://doi.org/10.32479/ijefi.9120</a></p>}, number={2}, journal={International Journal of Economics and Financial Issues}, author={Salameh, Hussein and Alodadi, Ahmed and Alzubi, Khaled}, year={2020}, month={Mar.}, pages={262–267} }