Browsing by Author "Ceesay, Abdoulie"

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    Assessing the impact of domestic and external debt on the Gambia’s economic growth : an ardl analysis
    (Universitas Islam Internasional Indonesia, 2025-08-06) Ceesay, Abdoulie; Dionisius Ardiyanto Narjoko
    This study investigates the short- and long-run effects of domestic and external public debt on economic growth in The Gambia, a low-income economy characterized by persistent fiscal constraints and external vulnerabilities. Using annual data from 1976 to 2023, the analysis employs the Autoregressive Distributed Lag (ARDL) bounds testing approach to examine the dynamic relationship between public debt components and GDP growth, while incorporating key macroeconomic variables such as inflation, interest rates, and foreign direct investment (FDI). The results indicate that both domestic and external debt negatively impact economic growth in the short run, with external debt exerting a stronger adverse effect (–0.54%) compared to domestic debt (–0.30%), largely due to the crowding-out of private investment. In the long run, a stable relationship exists, yet external debt continues to suppress growth, driven by exchange rate volatility and substantial debt servicing obligations that consume over 40% of government revenue. The findings challenge classical economic assumptions such as Ricardian Equivalence, revealing that fiscal deficits may stimulate short-term demand in contexts marked by low household savings and weak financial systems. In response, the study proposes a tailored Debt Sustainability Framework (DSF) for The Gambia that emphasizes strengthened domestic revenue mobilization, enhanced public financial management, the promotion of FDI, and a strategic shift toward concessional borrowing. By offering empirical insights and policy-oriented solutions, this research adds value to the limited literature on debt-growth dynamics in aid-dependent economies and provides actionable strategies for achieving sustainable economic development.
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    The impact of the inflation rate on the economic growth of the netherlands
    (2024-05-22) Ceesay, Abdoulie; Kurang, Lamin J.
    This study analyzes the connection between the Netherlands’ economic growth and inflation rate. A quantitative research design will be employed in the study, and secondary data collected from credible sources will be used. Variables including GDP per capita growth, interest rates, inflation, currency rates, government spending, import and export rates, and wage growth will all be included in the statistics. Regression analysis will be used to look at the connection between the inflation rate and economic growth, and descriptive statistics will be utilized to evaluate trends and patterns in the data that was gathered. The regression analysis will incorporate control factors including net import growth, government spending, and interest rates. Colvin, Christopher L.; Fliers, Philip (2019) The literature evaluation emphasizes the intricate connection between the Netherlands’s economic growth and inflation rate. While high and unstable inflation rates can have negative effects, reasonable levels of inflation can boost economic activity. Government spending and monetary policy are two major factors that affect this relationship. The research study intends to add to the body of knowledge already in existence by providing a more precise understanding of how inflation impacts economic growth in the Dutch setting. The results will impact economists and policymakers in their creation of efficient plans to control inflation and enhance long-term economic growth Fischer (1993).