Does Foreign Aid Affect the Economic Growth in Sub-Saharan African Countries?

被引：0
|
作者：
Legass, Habtamu Alebachew [1 ]
Akkas, Erhan [1 ]
机构：
[1] Sakarya Univ, Sakarya, Turkiye
来源：
JOURNAL OF ASIAN AND AFRICAN STUDIES | 2024年
关键词：
Foreign aid; panel ARDL; economic growth; institutional quality; sub-Saharan African countries; INSTITUTIONS;
D O I：
10.1177/00219096241275411
中图分类号：
K9 [地理];
学科分类号：
0705 ;
摘要：
This study investigates the relationship between foreign aid and economic growth in sub-Saharan Africa using a panel ARDL model. Data from 15 selected countries over 20 years (2002-2021) were analyzed. Findings show that institutional quality and unemployment rate are significant in the short-run (mean group (MG) estimation). In the long-run (dynamic fixed effects (DFE) model), variables such as trade openness, exchange rate, population growth, unemployment rate, institutional quality, consumption expenditure, official development assistance, and aid square significantly affect economic growth. Recommendations include strengthening institutions, promoting trade openness, addressing unemployment through skill development, maintaining price stability, and improving development assistance transparency.
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页数：16
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