{"id":{"repo_id":"cape-town","oai_identifier":"oai:open.uct.ac.za:11427/33689"},"canonical_url":"https://search.dev.ndltd.org/etd/cape-town/oai:open.uct.ac.za:11427/33689","repository":{"repo_id":"cape-town","name":"University of Cape Town","base_url":"https://open.uct.ac.za/oai/request"},"display":{"title":"The Impact of Domestic Debt on Economic Growth in Malawi","abstract":"Domestic debt has over recent years increasingly grown to be a significant portion of the financing budget for the government of Malawi. As such, this study investigated the impact that domestic debt has on economic growth in Malawi. The research employed classical time series estimations techniques covering unit root and cointegration analysis based on annual data from 1984 to 2015 to examine the long-run and short-run relationship between domestic debt and economic growth in Malawi. The findings of the study show that in the long-run domestic debt has a positive impact on economic growth in Malawi, while a negative long-run relationship was established between inflation and economic growth. High inflation was found to stifle economic growth. In addition, the study established that government consumption expenditure and population growth also have a negative impact on economic growth. The study therefore recommends that the government needs to use domestic debt in moderation for as long as it positively impacts economic growth and that an effective monetary policy exists that reins in inflation. Furthermore, the study recommends that government needs to control government expenditure and take acceptable steps that will manage population growth.","abstract_html":"Domestic debt has over recent years increasingly grown to be a significant portion of the financing budget for the government of Malawi. As such, this study investigated the impact that domestic debt has on economic growth in Malawi. The research employed classical time series estimations techniques covering unit root and cointegration analysis based on annual data from 1984 to 2015 to examine the long-run and short-run relationship between domestic debt and economic growth in Malawi. The findings of the study show that in the long-run domestic debt has a positive impact on economic growth in Malawi, while a negative long-run relationship was established between inflation and economic growth. High inflation was found to stifle economic growth. In addition, the study established that government consumption expenditure and population growth also have a negative impact on economic growth. The study therefore recommends that the government needs to use domestic debt in moderation for as long as it positively impacts economic growth and that an effective monetary policy exists that reins in inflation. Furthermore, the study recommends that government needs to control government expenditure and take acceptable steps that will manage population growth.","abstract_has_math":false,"creators":["Chitera, Felix"],"institution":"Graduate School of Business (GSB)","degree_name":null,"degree_level":null,"degree_discipline":null,"degree_department":null,"school":null,"contributors":[],"advisors":["Alhassan, Abdul Latif"],"committee_chairs":[],"committee_members":[],"year":2020,"date_issued":"2020","date_published":"2020","updated_at":"2026-07-22T22:22:54Z","subjects":["Development Finance"],"languages":[],"rights":[],"rights_urls":[],"identifier_entries":[]},"links":{"outbound_url":"http://hdl.handle.net/11427/33689","outbound_label":"Handle","outbound_source":"dc:identifier.uri"},"metadata_groups":[{"id":"people","label":"People","entries":[{"key":"dc:contributor.advisor","label":"Advisor","values":["Alhassan, Abdul Latif"]},{"key":"dc:creator","label":"Author","values":["Chitera, Felix"]}]},{"id":"academic_context","label":"Academic Context","entries":[{"key":"dc:date.accessioned","label":"Dc Date Accessioned","values":["2021-08-04T08:22:38Z"]},{"key":"dc:date.available","label":"Dc Date Available","values":["2021-08-04T08:22:38Z"]},{"key":"dc:date.issued","label":"Date","values":["2020"]},{"key":"dc:publisher.department","label":"Dc Publisher Department","values":["Graduate School of Business (GSB)"]},{"key":"dc:type","label":"Dc Type","values":["Master Thesis"]},{"key":"dc:type.qualificationlevel","label":"Dc Type Qualificationlevel","values":["Masters","MBA"]}]},{"id":"subjects_keywords","label":"Subjects and Keywords","entries":[{"key":"dc:subject","label":"Dc Subject","values":["Development Finance"]}]},{"id":"identifiers","label":"Identifiers","entries":[{"key":"dc:identifier.uri","label":"Identifier URI","values":["http://hdl.handle.net/11427/33689"]}]},{"id":"additional","label":"Additional Metadata","entries":[{"key":"dc:description.abstract","label":"Abstract","values":["Domestic debt has over recent years increasingly grown to be a significant portion of the financing budget for the government of Malawi. As such, this study investigated the impact that domestic debt has on economic growth in Malawi. The research employed classical time series estimations techniques covering unit root and cointegration analysis based on annual data from 1984 to 2015 to examine the long-run and short-run relationship between domestic debt and economic growth in Malawi. The findings of the study show that in the long-run domestic debt has a positive impact on economic growth in Malawi, while a negative long-run relationship was established between inflation and economic growth. High inflation was found to stifle economic growth. In addition, the study established that government consumption expenditure and population growth also have a negative impact on economic growth. The study therefore recommends that the government needs to use domestic debt in moderation for as long as it positively impacts economic growth and that an effective monetary policy exists that reins in inflation. Furthermore, the study recommends that government needs to control government expenditure and take acceptable steps that will manage population growth."]},{"key":"dc:title","label":"Title","values":["The Impact of Domestic Debt on Economic Growth in Malawi"]}]}],"canonical_facts":{"dc:contributor.advisor":["Alhassan, Abdul Latif"],"dc:creator":["Chitera, Felix"],"dc:date.accessioned":["2021-08-04T08:22:38Z"],"dc:date.available":["2021-08-04T08:22:38Z"],"dc:date.issued":["2020"],"dc:description.abstract":["Domestic debt has over recent years increasingly grown to be a significant portion of the financing budget for the government of Malawi. As such, this study investigated the impact that domestic debt has on economic growth in Malawi. The research employed classical time series estimations techniques covering unit root and cointegration analysis based on annual data from 1984 to 2015 to examine the long-run and short-run relationship between domestic debt and economic growth in Malawi. The findings of the study show that in the long-run domestic debt has a positive impact on economic growth in Malawi, while a negative long-run relationship was established between inflation and economic growth. High inflation was found to stifle economic growth. In addition, the study established that government consumption expenditure and population growth also have a negative impact on economic growth. The study therefore recommends that the government needs to use domestic debt in moderation for as long as it positively impacts economic growth and that an effective monetary policy exists that reins in inflation. Furthermore, the study recommends that government needs to control government expenditure and take acceptable steps that will manage population growth."],"dc:identifier.uri":["http://hdl.handle.net/11427/33689"],"dc:publisher.department":["Graduate School of Business (GSB)"],"dc:subject":["Development Finance"],"dc:title":["The Impact of Domestic Debt on Economic Growth in Malawi"],"dc:type":["Master Thesis"],"dc:type.qualificationlevel":["Masters","MBA"]},"updated_at":"2026-07-22T22:22:54Z"}