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aid on economic growth among these ECOWAS countries was found to be positive and strong. Other important drivers of …
Persistent link: https://www.econbiz.de/10010225334
This paper challenges a long-held development-policy assumption that aid and foreign-direct investment serve as substitutes or complements in accelerating the development of the world's poorer countries. We show both theoretically and empirically that aid and FDI affect development very...
Persistent link: https://www.econbiz.de/10014065138
Economic Community of West African States (ECOWAS) region, and whether diminishing returns occur in the aid-growth nexus, for … previous economic growth/market size) are the principal drivers of economic growth in ECOWAS countries. Foreign aid and its … growth in ECOWAS countries. We recommend amongst others; open trade and investment-enhancing policies (domestic and foreign …
Persistent link: https://www.econbiz.de/10013362896
The purpose of this paper is to capture the impact of foreign capital inflows (which include foreign aid and foreign direct investment) on economic growth in Cameroon. Using the autoregressive distributive lag approach to cointegration and time-series data for the period 1980 - 2008, the results...
Persistent link: https://www.econbiz.de/10010200368
This paper contributes to the empirical literature by investigating the impact of private capital inflows on economic growth across former Soviet-bloc countries between 1990 and 2015. Roles of the stock market and of demand-side macroeconomic policy are investigated using panel data analysis....
Persistent link: https://www.econbiz.de/10012259732
Foreign direct investment (FDI) as a driver of growth is important in today´s globalized economy. It is extremely difficult for economies to grow sustainably without economic interactions outside their borders. However, there has been a debate on the impact of FDI inflow on economic expansion....
Persistent link: https://www.econbiz.de/10012388218
This article examines the causal relationship between foreign aid, poverty, and economic growth in 82 developing countries for the period 1981–2013. Taking advantage of the recently developed dynamic panel data estimation techniques, the paper tests for both panel unit roots and cointegration...
Persistent link: https://www.econbiz.de/10012149196
What is the relationship between foreign aid and economic growth? This is probably one of the most famous questions in the foreign aid – economic growth debate. Whether this question has been sufficiently answered remains to be known. Developing nations have been and continue to be known to...
Persistent link: https://www.econbiz.de/10012950173
Foreign aid is an important means of finance for governments of developing countries. The current study investigates whether too much inflow of aid to developing countries is beneficial or harmful to their economy and whether institutional quality and economic freedom matters in aid–growth...
Persistent link: https://www.econbiz.de/10013460262
The increasing role of foreign capital inflows in reducing the disparity between government revenues and costs as well as impellent economic growth has motivated this study to establish the direction of causality between foreign direct investment (FDI), foreign aid, and economic growth in Kenya....
Persistent link: https://www.econbiz.de/10014480930