This study investigates the effect of foreign aid on education and lifelong learning in 53 African countries for the … period 1996-2010. Three main issues are assessed, notably: (i) the effect of aid on education; (ii) the incremental impact of … aid on education and (iii) the effect of aid on lifelong learning. Lifelong learning is measured as the combined knowledge …

higher than the growth rate, because the poor cannot catch-up with the rich. We argue that when the return on political … economy (or capitalism-fuelled illicit capital flight) is higher than the growth rate in African countries, inequality in … underpinnings of exogenous growth models, catch-up may not be so apparent. Implications for the corresponding upward bias in …

increases when the return of capital is higher than the growth rate, because the poor cannot catch-up with the rich. We argue … that, when the return of political economy (or capitalism-fuelled illicit capital flight) is higher than the growth rate in … automatic exchange of bank information. Hence, contrary to theoretical underpinnings of exogenous growth models, catch-up may …

learning in Africa. Practical implications- As a policy implication, when faced with aid uncertainty, the demand for education … education as means of copping with uncertainty. Moreover, the findings indirectly confirm a stream of the literature sustaining …

, when faced with aid uncertainty, the demand for education would increase. This may be explained by the need for more … selfreliance in order to mitigate income risks or/and the use of education as means of coping with uncertainty. More policy …

private investment and fixed capital formation through fiscal policy mechanisms. We propose an endogenous growth theory based …