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The study assesses the relevance of infrastructural absorptive capacity in the foreign direct investment (FDI)-growth argument in ECOWAS. Though foreign aid has received a vast attention in the literature, however, an assessment of how the infrastructural readiness of the host economies drives...
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This study aims to analyze the economic impacts of infrastructure investment in Africa, focusing on the Guinea-Bissau economy. Through a dynamic CGE model, we find that the natural resource revenues (or aid)-funded infrastructure investments generate externalities that increase factor returns....
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economic growth accounting for possible convergence. For this purpose, we are based on a sample of eight countries bordering … the stationary series problem of different orders to monitor possible convergence in the long-run horizon. This method … links between candidate variables and the trend of convergence in terms of per capita GDP. Our empirical results support …
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