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The Impact of FDI and Foreign Aid on the Economic Growth: Empirical Evidence from Sub-Saharan African Countries

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  • Afolabi Tunde Ahmed

    (School of International Trade and Economics, University of International Business and Economics (UIBE), Beijing, China.)

  • Imran Ur Rahman

    (Associate Professor, Ph.D., Center for Trans-Himalaya Studies, Leshan Normal University, Sichuan China.)

Abstract

No abstract is available for this item.

Suggested Citation

  • Afolabi Tunde Ahmed & Imran Ur Rahman, 2020. "The Impact of FDI and Foreign Aid on the Economic Growth: Empirical Evidence from Sub-Saharan African Countries," International Journal of Science and Business, IJSAB International, vol. 4(6), pages 53-70.
    • Handle: RePEc:aif:journl:v:4:y:2020:i:6:p:53-70
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    References listed on IDEAS

    as
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    2. Ram D. Singh, 1985. "State Intervention, Foreign Economic Aid, Savings and Growth in LDCs: Some Recent Evidence," Kyklos, Wiley Blackwell, vol. 38(2), pages 216-232, May.
    3. Mr. Dhaneshwar Ghura & E. Murat Ucer & Mr. Martin Mühleisen & Mr. Michael T. Hadjimichael & Mr. Roger Nord, 1994. "Effects of Macroeconomic Stabilityon Growth, Savings, and Investment in Sub-Saharan Africa: An Empirical Investigation," IMF Working Papers 1994/098, International Monetary Fund.
    4. Hansen, Lars Peter, 1982. "Large Sample Properties of Generalized Method of Moments Estimators," Econometrica, Econometric Society, vol. 50(4), pages 1029-1054, July.
    5. Lauren Tait & Abu Siddique & Ishita Chatterjee, 2015. "Foreign Aid And Economic Growth In Sub-Saharan Africa," Economics Discussion / Working Papers 15-35, The University of Western Australia, Department of Economics.
    6. David Dollar & Craig Burnside, 2000. "Aid, Policies, and Growth," American Economic Review, American Economic Association, vol. 90(4), pages 847-868, September.
    7. Lisa Chauvet & Sandrine Mesplé-Somps, 2007. "Impact des financements internationaux sur les inégalités des pays en développement," Revue économique, Presses de Sciences-Po, vol. 58(3), pages 735-744.
    8. Dollar, David & Kraay, Aart, 2002. "Growth Is Good for the Poor," Journal of Economic Growth, Springer, vol. 7(3), pages 195-225, September.
    9. Gibescu, Octavia, 2010. "Does the gross fixed capital formation represent a factor for supporting the economic growth?," MPRA Paper 50135, University Library of Munich, Germany.
    10. Holger Görg & David Greenaway, 2016. "Much Ado about Nothing? Do Domestic Firms Really Benefit from Foreign Direct Investment?," World Scientific Book Chapters, in: MULTINATIONAL ENTERPRISES AND HOST COUNTRY DEVELOPMENT Volume 53: World Scientific Studies in International Economics, chapter 9, pages 163-189, World Scientific Publishing Co. Pte. Ltd..
    11. Minoiu, Camelia & Reddy, Sanjay G., 2010. "Development aid and economic growth: A positive long-run relation," The Quarterly Review of Economics and Finance, Elsevier, vol. 50(1), pages 27-39, February.
    12. Eswar S. Prasad & Raghuram G. Rajan & Arvind Subramanian, 2007. "Foreign Capital and Economic Growth," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 38(1), pages 153-230.
    13. Yoon Jung Choi & Jungho Baek, 2017. "Does FDI Really Matter to Economic Growth in India?," Economies, MDPI, vol. 5(2), pages 1-9, June.
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    16. Holger Görg & Eric Strobl, 2016. "Spillovers from Foreign Firms through Worker Mobility: An Empirical Investigation," World Scientific Book Chapters, in: MULTINATIONAL ENTERPRISES AND HOST COUNTRY DEVELOPMENT, chapter 13, pages 243-259, World Scientific Publishing Co. Pte. Ltd..
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    19. Robert M. Solow, 1956. "A Contribution to the Theory of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 70(1), pages 65-94.
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    21. Chakraborty, Chandana & Nunnenkamp, Peter, 2008. "Economic Reforms, FDI, and Economic Growth in India: A Sector Level Analysis," World Development, Elsevier, vol. 36(7), pages 1192-1212, July.
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    24. repec:bla:kyklos:v:38:y:1985:i:2:p:216-32 is not listed on IDEAS
    25. Siddique, Hafiz Muhammad Abubakar & Majeed, Muhammad Tariq, 2015. "Energy consumption, economic growth, trade and financial development nexus in south asia," MPRA Paper 71245, University Library of Munich, Germany, revised 2015.
    26. Brian Snowdon, 2009. "The Solow Model, Poverty Traps, and the Foreign Aid Debate," History of Political Economy, Duke University Press, vol. 41(5), pages 241-262, Supplemen.
    27. Easterly, William, 1999. "The ghost of financing gap: testing the growth model used in the international financial institutions," Journal of Development Economics, Elsevier, vol. 60(2), pages 423-438, December.
    28. Kwabena Gyimah-Brempong, 1992. "Aid and economic growth in LDCs: Evidence from Sub-Saharan Africa," The Review of Black Political Economy, Springer;National Economic Association, vol. 20(3), pages 31-52, March.
    29. Shiva S. Makki & Agapi Somwaru, 2004. "Impact of Foreign Direct Investment and Trade on Economic Growth: Evidence from Developing Countries," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 86(3), pages 795-801.
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