Economic growth and the role of foreign aid in selected African countries

Evelyn Wamboye, Abel Adekola, Bruno S. Sergi

Research output: Contribution to journalArticle

16 Citations (Scopus)

Abstract

This article revisits the question of aid effectiveness on economic growth by introducing a country's legal origin in the debate. We provide compelling evidence to show that both quantity and quality of aid disbursed to Africa's least developed countries matter and that these effects differ based on a country's legal origin. A quadratic specification of the total aid variable and source-based proxies are used to capture the effects of quantity and quality of aid, respectively. The aid effects are evaluated in a dynamic framework using system GMM. Our results are robust to different model specifications and estimation techniques.

Original languageEnglish (US)
Pages (from-to)155-171
Number of pages17
JournalDevelopment (Basingstoke)
Volume56
Issue number2
DOIs
StatePublished - Jun 1 2013

Fingerprint

aid
economic growth
estimation procedure
evidence
effect

All Science Journal Classification (ASJC) codes

  • Geography, Planning and Development
  • Development

Cite this

Wamboye, Evelyn ; Adekola, Abel ; Sergi, Bruno S. / Economic growth and the role of foreign aid in selected African countries. In: Development (Basingstoke). 2013 ; Vol. 56, No. 2. pp. 155-171.
@article{2976946d7e1b4864a07ce121223e142e,
title = "Economic growth and the role of foreign aid in selected African countries",
abstract = "This article revisits the question of aid effectiveness on economic growth by introducing a country's legal origin in the debate. We provide compelling evidence to show that both quantity and quality of aid disbursed to Africa's least developed countries matter and that these effects differ based on a country's legal origin. A quadratic specification of the total aid variable and source-based proxies are used to capture the effects of quantity and quality of aid, respectively. The aid effects are evaluated in a dynamic framework using system GMM. Our results are robust to different model specifications and estimation techniques.",
author = "Evelyn Wamboye and Abel Adekola and Sergi, {Bruno S.}",
year = "2013",
month = "6",
day = "1",
doi = "10.1057/dev.2013.24",
language = "English (US)",
volume = "56",
pages = "155--171",
journal = "Development",
issn = "1011-6370",
publisher = "Palgrave Macmillan Ltd.",
number = "2",

}

Economic growth and the role of foreign aid in selected African countries. / Wamboye, Evelyn; Adekola, Abel; Sergi, Bruno S.

In: Development (Basingstoke), Vol. 56, No. 2, 01.06.2013, p. 155-171.

Research output: Contribution to journalArticle

TY - JOUR

T1 - Economic growth and the role of foreign aid in selected African countries

AU - Wamboye, Evelyn

AU - Adekola, Abel

AU - Sergi, Bruno S.

PY - 2013/6/1

Y1 - 2013/6/1

N2 - This article revisits the question of aid effectiveness on economic growth by introducing a country's legal origin in the debate. We provide compelling evidence to show that both quantity and quality of aid disbursed to Africa's least developed countries matter and that these effects differ based on a country's legal origin. A quadratic specification of the total aid variable and source-based proxies are used to capture the effects of quantity and quality of aid, respectively. The aid effects are evaluated in a dynamic framework using system GMM. Our results are robust to different model specifications and estimation techniques.

AB - This article revisits the question of aid effectiveness on economic growth by introducing a country's legal origin in the debate. We provide compelling evidence to show that both quantity and quality of aid disbursed to Africa's least developed countries matter and that these effects differ based on a country's legal origin. A quadratic specification of the total aid variable and source-based proxies are used to capture the effects of quantity and quality of aid, respectively. The aid effects are evaluated in a dynamic framework using system GMM. Our results are robust to different model specifications and estimation techniques.

UR - http://www.scopus.com/inward/record.url?scp=84890963663&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=84890963663&partnerID=8YFLogxK

U2 - 10.1057/dev.2013.24

DO - 10.1057/dev.2013.24

M3 - Article

VL - 56

SP - 155

EP - 171

JO - Development

JF - Development

SN - 1011-6370

IS - 2

ER -