Foreign aid, legal origin, economic growth and Africa’s least developed countries

Wamboye, Evelyn; Adekola, Abel; Sergi, Bruno S.

doi:10.1177/1464993414521526

Cited by 21 publications

(6 citation statements)

References 92 publications

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“…In order to generate the growth avenues in the host countries through foreign aid, both composition and quantity are important elements (Mavrotas, 2002; Wamboye, Adekola, & Sergi, 2014). Apparently, in Senegal, foreign aid and remittances have influenced economic growth positively in the long run (Adams, Klobodu, & Lamptey, 2017), whereas an empirical study of East European countries suggests that the impact of foreign aid on economic growth over the study period, that is, from 1993 to 2002, has remained insignificant (Bhandari, Dhakal, Pradhan, & Upadhyaya, 2007).…”

Section: Estimation Technique and Empirical Examinationmentioning

confidence: 99%

Impact of Selected Macroeconomic Determinants on Economic Growth in India: An Empirical Study

Sharma

Kautish

Kumar

2018

Vision: The Journal of Business Perspective

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Due to the socio-economic, infrastructural and governance peculiarities, identification of key macroeconomic factors determining the economic growth in developing countries becomes a complicated case. The present study attempts to assess the impact of foreign aid, government consumption expenditure, foreign direct investment, trade openness, exchange rate, human capital development, and inflation on economic growth in India by using yearly data for the period of 46 years, that is, from 1971 to 2016. An autoregressive distributed lag (ARDL) bounds model enables to examine the short-run and long-run impact of selected determinants on economic growth during the study period. The outcomes of the study find that in the long run, foreign aid, the government’s final consumption expenditure and foreign direct investment have a positive and significant impact on economic growth, whereas, economic growth has been negatively influenced by exchange rate and human capital development. Contrary to the long run, foreign aid has a negative and significant impact on economic growth in the short run. The short-run outcomes show that all the selected macroeconomic determinants have either negative or positive influence on economic growth. To ensure the long-run economic growth, besides regulating the exchange rate fluctuations, policies related to export -import and human capital development need to be re-examined.

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Section: Estimation Technique and Empirical Examinationmentioning

confidence: 99%

Impact of Selected Macroeconomic Determinants on Economic Growth in India: An Empirical Study

Sharma

Kautish

Kumar

2018

Vision: The Journal of Business Perspective

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“…to growth and development in Africa are reported as the mechanism for achieving: (1) 'smart society' where digital provision minimises inequalities and disparities in the African region (Maresova et al, 2018); and (2) improved labour productivity growth (Tiruneh et al, 2017;Wamboye et al, 2016). Although in the African context, to achieve growth and development, some challenges such as foreign aid/capital, poor social entrepreneurship and sustainability/business models, among others, have been identified in the literature (inter alia: Goyal et al, 2014Goyal et al, , 2016Goyal & Sergi, 2015;Wamboye et al, 2013Wamboye et al, , 2014Wamboye & Sergi, 2019). Consequently, African governments must deal with them in order to complement the importance of I.C.T.…”

Section: Introductionmentioning

confidence: 99%

Information and communication technology penetration level as an impetus for economic growth and development in Africa

David

Grobler

2020

Economic Research-Ekonomska Istraživanja

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Africa is an emerging, frontier economy that is gradually becoming a gold miner of the fourth industrial revolution (industry 4.0) to achieve speedy economic growth and development. Through the transmission channel of technological drive that relies on the penetration of modern communication means (information and communication technology [I.C.T.]). It is on this basis that this study examines the performance of I.C.T., economic growth and development in Africa. In capturing I.C.T. performance; penetration of I.C.T. indicatorsmobile telephone, fixed-line telephone and Internet access subscriptions are used as measurements and reduced to a single index through principal components analysis (P.C.A.). Economic growth and development is measured with the real gross domestic product and the human development index (H.D.I.), respectively. The data for this study were sourced from the international telecommunication union (I.T.U.) and world development indicators from the World Bank databases. The results show that mobile telecommunication is growing faster than other telecommunication indicators and I.C.T. penetration has positive impacts on economic growth and development in Africa. The study, therefore, recommends that simultaneous investments are required in the fixed-line and Internet access telecommunications in Africa in order to fully tap into the optimal impetus of I.C.T. penetration for economic growth and development in Africa.

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“…The scholars conjointly embrace FDI and population, consider as the control variables. Though panel study, outcomes specify U-shaped connection occurs amid ODA-GDP, already discussed thru Wamboye (2012). Similarly, MM (2016), A.…”

Section: Summary Of Results and Discussionmentioning

confidence: 94%

Establishment and applications of quality management system for service industries

2020

IJFAM

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Our research study aimed to analyze the statement of the proverb 'Not-Aid, but-Trade,' for the economy of Pakistan over 1970-2018 based on time-series data collected from the World Development Indicators -World Bank. Research Methodology: Through evaluation of the theoretical and empirical literature, we estimate the influence of official development assistance, trade openness, foreign direct investment, inflation, and gross capital formation on the gross domestic product of Pakistan. To accomplish the required concerns, we implied the Unit-Root test, and the Autoregressive Distributed Lag Model Bound analysis. Results: No significant relationship revealed between inflation and official development assistance. In contrast, the openness of trade and foreign direct investment shows a significant positive relationship with the gross domestic product of Pakistan. Similarly, gross capital formation has a negative but significant connection with the gross domestic product of Pakistan. For the short-run period, trade openness, foreign direct investment, and inflation impart to a positive and significant relationship; however, gross capital formation presents a negative but significant linking with gross domestic product. Limitations: Our study covers the Pakistan economy time-series data over the 1970-2018 period. Contribution: Our study is helpful for the Pakistani economic policy formation, particularly useful for academics and researchers to understand the basic concept related to 'not-aid but-trade' philosophy.

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Foreign aid, legal origin, economic growth and Africa’s least developed countries

Cited by 21 publications

References 92 publications

Impact of Selected Macroeconomic Determinants on Economic Growth in India: An Empirical Study

Impact of Selected Macroeconomic Determinants on Economic Growth in India: An Empirical Study

Information and communication technology penetration level as an impetus for economic growth and development in Africa

Establishment and applications of quality management system for service industries

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