Investment is a major determinant of economic growth, both in reference to the level of the capital stock and its … levels of foreign direct investment (FDI), and a low impact of such investment on growth. The paper focuses on sub …-Saharan African (SSA) countries and on FDI to cover four issues related to measures to promote investment: the types of investment …

impact of debt service payments and aid flows in cross- country growth and investment regressions . Based on the regressions …

paper, we offer a re-examination of the literature on the aidsavings, aid-investment, and aid-growth relationships, and a …

excessive export price volatility on investment incentives. In this paper the impact of external disturbances on investment and … growth is estimated for a panel of 14 sub-Saharan African countries over the period 1980-95. Both growth and investment … the terms of trade and the real exchange rate were not found to have significant effects on either investment or growth. …

effectiveness of aid is highly sensitive to the choice of estimator and the set of control variables. When investment and human … capital are controlled for, no positive effect of aid is found. Yet, aid continues to impact on growth via investment. We …