Museru, M. and Toerien, F. and Gossel, S. (2014) The Impact of Aid and Public Investment Volatility on Economic Growth in Sub-Saharan Africa. World Development, 57. pp. 138-147.
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Abstract
This study investigates the effects of aid inflows and the volatility of public investment on economic growth in 26 Sub-Saharan African countries over the period from 1992 to 2011. Three volatility variables comprising aid, government revenue, and public investment are incorporated into an aid-growth model to test for their effect on economic growth. Using the Generalized Method of Moments (GMM) technique and averaged data for five four-year sub-periods, we show that although foreign aid has a positive impact on growth once potential endogeneity has been accounted for, aid effectiveness may have been eroded by volatility in public investment
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | aid, economic growth, public investment, Sub-Saharan Africa, volatility |
| Author Affiliation: | University of Cape Town, Rondebosch, South Africa |
| Subjects: | Social Sciences Social Sciences > Agricultural Economics |
| Divisions: | General |
| Depositing User: | Mr Daneti Raju |
| Date Deposited: | 09 Feb 2014 13:56 |
| Last Modified: | 09 Feb 2014 13:56 |
| Official URL: | http://dx.doi.org/10.1016/j.worlddev.2013.12.001 |
| URI: | http://eprints.icrisat.ac.in/id/eprint/12502 |
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