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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,...

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Main Authors: Masoud Rashid Mohamed,, Shivee Ranjanee Kaliappan,, Normaz Wana Ismail,, Azman-Saini, W. N. W
Format: Article
Language:English
Published: Penerbit Universiti Kebangsaan Malaysia 2014
Online Access:http://journalarticle.ukm.my/8405/1/jeko_48%281%29-6.pdf
http://journalarticle.ukm.my/8405/
http://www.ukm.my/fep/jem/index.html
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spelling my-ukm.journal.84052016-12-14T06:47:08Z http://journalarticle.ukm.my/8405/ Impact of foreign aid and foreign direct investment on economic growth: evidence from Sub-Saharan African countries Masoud Rashid Mohamed, Shivee Ranjanee Kaliappan, Normaz Wana Ismail, Azman-Saini, W. N. W 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://journalarticle.ukm.my/8405/1/jeko_48%281%29-6.pdf Masoud Rashid Mohamed, and Shivee Ranjanee Kaliappan, and Normaz Wana Ismail, and Azman-Saini, W. N. W (2014) Impact of foreign aid and foreign direct investment on economic growth: evidence from Sub-Saharan African countries. Jurnal Ekonomi Malaysia, 48 (1). pp. 63-73. ISSN 0127-1962 http://www.ukm.my/fep/jem/index.html
institution Universiti Kebangsaan Malaysia
building Perpustakaan Tun Sri Lanang Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Kebangsaan Malaysia
content_source UKM Journal Article Repository
url_provider http://journalarticle.ukm.my/
language English
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.
format Article
author Masoud Rashid Mohamed,
Shivee Ranjanee Kaliappan,
Normaz Wana Ismail,
Azman-Saini, W. N. W
spellingShingle Masoud Rashid Mohamed,
Shivee Ranjanee Kaliappan,
Normaz Wana Ismail,
Azman-Saini, W. N. W
Impact of foreign aid and foreign direct investment on economic growth: evidence from Sub-Saharan African countries
author_facet Masoud Rashid Mohamed,
Shivee Ranjanee Kaliappan,
Normaz Wana Ismail,
Azman-Saini, W. N. W
author_sort Masoud Rashid Mohamed,
title 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_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_sort impact of foreign aid and foreign direct investment on economic growth: evidence from sub-saharan african countries
publisher Penerbit Universiti Kebangsaan Malaysia
publishDate 2014
url http://journalarticle.ukm.my/8405/1/jeko_48%281%29-6.pdf
http://journalarticle.ukm.my/8405/
http://www.ukm.my/fep/jem/index.html
_version_ 1643737462784131072
score 13.211869

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