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Economies
Volume 11
Issue 2
10.3390/economies11020051
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Article
Peer-Review Record

Exploring The Role of High Government Debt on Economic Growth: A Nonlinearity and Threshold Analysis for Africa’s Developing Countries

Economies 2023, 11(2), 51; https://doi.org/10.3390/economies11020051
by Nokwanda Mqolombeni *, Devi Datt Tewari and Kehinde Damilola Ilesanmi
Reviewer 1:
Janina Seputiene
Reviewer 2:
Dervis Kirikkaleli
Economies 2023, 11(2), 51; https://doi.org/10.3390/economies11020051
Submission received: 24 November 2022 / Revised: 6 January 2023 / Accepted: 30 January 2023 / Published: 3 February 2023
(This article belongs to the Section Macroeconomics, Monetary Economics, and Financial Markets)

Round 1

Reviewer 1 Report

The article investigates widely analyzed problem of whether the effect of public debt on economic growth depends on the size of the debt. There are so many articles devoted to this topic that the analysis of the literature seems superficial. I would advise limiting the analysis to studies focused on developing countries. Attempting to cover all countries limits the ability to provide a comprehensive analysis.

Author Response

Thank you for your valuable suggestions, which helped improve our work. We have revised our work as per the suggestions. Attached is the response to comments made. 

Author Response File: Author Response.pdf

Reviewer 2 Report

Title: Exploring The Role Of High Government Debt On Economic Growth: Nonlinearity And Threshold Analysis For African Developing Countries

According to what I've read, the study needs minor revisions before it can be accepted. Please see below my suggestions for revising the authors' manuscript:

1.     The authors should use the Economies referencing style in the whole text.

2.     Due to using lots of abbreviations in the text, the author(s) should use a Table for abbreviations

3.     In addition, the introduction should also underline the novelty of this study to literature and practice which is missing.

4.     In the panel unit root outcomes, if the variable seems stationary at level, the authors should not take the first difference of the variables  

5.     Table 5-6-7-8-9 should be re-constructed to increase the readability of the manuscript.

 

6.     Finally the authors should provide more policy implications relevant to what is found in the current paper  

Author Response

Thank you for your effective recomendations and suggestions in order to improve our work. We have attempted to improve our work as per the suggestions. Attached is the letter of response to the comments made.

Author Response File: Author Response.pdf

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