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growth, accounting for the effect via investment. Pooled panel results for a sample of sub Saharan African countries over the … issues of endogeneity, outliers and country-specific effects. Africa's poor growth record should not therefore be attributed …
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Theoretical predictions and empirical evidence on the impact of foreign aid and fiscal policy on growth are mixed. This paper examines the effect of fiscal variables (government expenditure and revenue) and aid on growth using annual time series data for Kenya over the period 1964 - 2002....
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African countries these findings hold, although the effectiveness of aid appears weaker than for the full sample …
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