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Title: Modeling Optimal Debt and Expenditure in Malawi: A Dynamic Optimization Approach
Authors: Adedokun, Adebayo
Babatunde, Ololade M.
Keywords: Malawi debt
Fiscal crisis in Malawi
Optimal debt
Malawi expenditure
Malawi fiscal system
Issue Date: 2017
Publisher: Asian Journal of Economic Modelling
Citation: Moses, O. (2017). Modeling Optimal Debt and Expenditure in Malawi: A Dynamic Optimization Approach. Asian Journal of Economic Modelling, 5(4), 402-412.
Abstract: This study models optimal debt and spending in Malawi using Dynamic Optimization Approaches. The study found that the economy of Malawi is not free from debt crisis, despite the benefits of Multilateral Debt Relief Initiative (MDRI) that was extended to Heavily Indebted Poor Countries (HIPC) in 2005. The optimal trends show that the country has been and remains vulnerable to debt and fiscal crises despite the various palliative measures that were introduced by International Monetary Funds (IMF), especially the Extended Credit Facility (ECF) offered the country in 2008, during the global financial crises.
URI: 10.18488/journal.8.2017.54.402.412
ISSN: 2312-3656
Appears in Collections:Research Articles

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