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La volatilité de l'aide, les recettes d'exportation et l'investissement privé domestique en zone CEMAC

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  • Sunday Aninpah Khan

Abstract

Investment is considered as one of the main channels through which aid affects economic growth. This paper shows that aid volatility has a negative impact on domestic private investment in CEMAC countries, but that if we take into consideration export revenue (through an interactive variable), the effect is mitigated. The dependence of these countries on export revenue rather than on aid renders aid volatility inconsequential. Donors should therefore pay attention to stabilising export revenue which is more volatile and detrimental than aid flows.

Suggested Citation

  • Sunday Aninpah Khan, 2006. "La volatilité de l'aide, les recettes d'exportation et l'investissement privé domestique en zone CEMAC," Brussels Economic Review, ULB -- Universite Libre de Bruxelles, vol. 49(3), pages 245-263.
    • Handle: RePEc:bxr:bxrceb:y:2006:v:49:i:3:p:245-263
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    References listed on IDEAS

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    More about this item

    Keywords

    aide publique au développement; formation de capital; volatilité; CEMAC;
    All these keywords.

    JEL classification:

    • F35 - International Economics - - International Finance - - - Foreign Aid
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • F15 - International Economics - - Trade - - - Economic Integration

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