Impact of foreign aid and foreign direct investment on economic growth: evidence from Sub-Saharan African countries
The purpose of this study is to examine the impact of foreign aid and FDI on economic growth of Sub-Saharan African countries. The generalized method of moments is applied on 41 countries covering the period of 1998 to 2010. The results suggest that while foreign aid has negative effect on growth, t...
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| Format: | Article |
| Language: | English |
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Penerbit Universiti Kebangsaan Malaysia
2014
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| Online Access: | http://psasir.upm.edu.my/id/eprint/37948/ http://psasir.upm.edu.my/id/eprint/37948/1/Impact%20of%20foreign%20aid%20and%20foreign%20direct%20investment%20on%20economic%20growth%20evidence%20from%20Sub-Saharan%20African%20countries.pdf |
| _version_ | 1848848743678345216 |
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| author | Mohamed, Masoud Rashid Kaliappan, Shivee Ranjanee Ismail, Normaz Wana Wan Ngah, Wan Azman Saini |
| author_facet | Mohamed, Masoud Rashid Kaliappan, Shivee Ranjanee Ismail, Normaz Wana Wan Ngah, Wan Azman Saini |
| author_sort | Mohamed, Masoud Rashid |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | The purpose of this study is to examine the impact of foreign aid and FDI on economic growth of Sub-Saharan African countries. The generalized method of moments is applied on 41 countries covering the period of 1998 to 2010. The results suggest that while foreign aid has negative effect on growth, the impact of FDI is positive but statistically insignificant. Furthermore, we found evidence that foreign aid from different bilateral donors may have different effects on economic growth. |
| first_indexed | 2025-11-15T09:39:21Z |
| format | Article |
| id | upm-37948 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T09:39:21Z |
| publishDate | 2014 |
| publisher | Penerbit Universiti Kebangsaan Malaysia |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-379482015-12-15T03:35:53Z http://psasir.upm.edu.my/id/eprint/37948/ Impact of foreign aid and foreign direct investment on economic growth: evidence from Sub-Saharan African countries Mohamed, Masoud Rashid Kaliappan, Shivee Ranjanee Ismail, Normaz Wana Wan Ngah, Wan Azman Saini The purpose of this study is to examine the impact of foreign aid and FDI on economic growth of Sub-Saharan African countries. The generalized method of moments is applied on 41 countries covering the period of 1998 to 2010. The results suggest that while foreign aid has negative effect on growth, the impact of FDI is positive but statistically insignificant. Furthermore, we found evidence that foreign aid from different bilateral donors may have different effects on economic growth. Penerbit Universiti Kebangsaan Malaysia 2014 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/37948/1/Impact%20of%20foreign%20aid%20and%20foreign%20direct%20investment%20on%20economic%20growth%20evidence%20from%20Sub-Saharan%20African%20countries.pdf Mohamed, Masoud Rashid and Kaliappan, Shivee Ranjanee and Ismail, Normaz Wana and Wan Ngah, Wan Azman Saini (2014) Impact of foreign aid and foreign direct investment on economic growth: evidence from Sub-Saharan African countries. Jurnal Ekonomi Malaysia, 48 (1). pp. 63-74. ISSN 0126-1962 http://www.ukm.my/fep/jem/content/2014.html |
| spellingShingle | Mohamed, Masoud Rashid Kaliappan, Shivee Ranjanee Ismail, Normaz Wana Wan Ngah, Wan Azman Saini Impact of foreign aid and foreign direct investment on economic growth: evidence from Sub-Saharan African countries |
| title | Impact of foreign aid and foreign direct investment on economic growth: evidence from Sub-Saharan African countries |
| title_full | Impact of foreign aid and foreign direct investment on economic growth: evidence from Sub-Saharan African countries |
| title_fullStr | Impact of foreign aid and foreign direct investment on economic growth: evidence from Sub-Saharan African countries |
| title_full_unstemmed | Impact of foreign aid and foreign direct investment on economic growth: evidence from Sub-Saharan African countries |
| title_short | Impact of foreign aid and foreign direct investment on economic growth: evidence from Sub-Saharan African countries |
| title_sort | impact of foreign aid and foreign direct investment on economic growth: evidence from sub-saharan african countries |
| url | http://psasir.upm.edu.my/id/eprint/37948/ http://psasir.upm.edu.my/id/eprint/37948/ http://psasir.upm.edu.my/id/eprint/37948/1/Impact%20of%20foreign%20aid%20and%20foreign%20direct%20investment%20on%20economic%20growth%20evidence%20from%20Sub-Saharan%20African%20countries.pdf |