This paper examines whether foreign aid has any impact on private investment in West Africa, taking other determinants of private investment into account. Following from this, the paper investigates whether multilateral aid and bilateral aid affect private investment differently. In a related...

This paper examines the causal relationship between capital formation and economic growth in Sub-Saharan African countries using recent panel cointegration and causality testing techniques. We find that causality is bi-directional, suggesting that higher economic growth leads to higher capital...

Knowledge about the concept and the application of benefit-cost analysis (BCA) and cost-effectiveness analysis (CEA) can help policy makers to formulate and implement programmes that improve the lives of the citizens, especially the poor. This paper presents an example of a BCA and CEA of...