ISSN: 2658-8455 Volume 1, Issue 3 (November, 2020), pp.58-72. www.ijafame.org An Investigation of Debt Sustainability issue in Gabon Ulrich Ekouala Makala, ( Ph.D. student) Central University of Finance and Economics (CUFE), Beijing, China Khalil Nait Bouzid, ( Ph.D. student) Central University of Finance and Economics (CUFE), Beijing, China School of finance Room 1015, CUFE Tower,39 South College Road, Beijing Central University of Finance and Economics Correspondence address: 100081 Tel: +86 18810270605
[email protected] The authors are not aware of any funding, that might be perceived as Disclosure statement: affecting the objectivity of this study. Conflicts of interest: The authors reports no conflicts of interest. Ekouala Makala , U., & Nait Bouzid, K. (2020). An Investigation of Debt Sustainability issue in Gabon. International Journal of Cite this article Accounting, Finance, Auditing, Management and Economics, 1(3), 58- 72. https://doi.org/10.5281/zenodo.4281440 DOI: 10.5281/zenodo.4281440 Published online: November 20, 2020. Copyright © 2020 – IJAFAME ISSN: 2658-8455 Volume 1, Issue 3 (November, 2020), pp.58-72. www.ijafame.org An Investigation of Debt Sustainability issue in Gabon Abstract The literature dealing with the issue of fiscal deficit sustainability (government's solvency) starts first with the great contribution of Hamilton and Flavin (1986), and further development by Wilcox (1989), Trehan and Walsh (1991), Hakkio and Rush (1991), Buiter and Patel (1992), Tanner and Liu (1994), Bohn (1995), Wu (1998), Makrydakis et.al., (1999). The issue of debt sustainability analysis (DSA) highlights principally three main theoretical approaches in the literature: 1) Debt Ratio analysis; 2) the Present Value Constraint (PVC); and 3) the Accounting Approach.