Aid and Growth in Sub-saharan Africa - the Recent Experience

Victor Lavy

doi:10.1016/0014-2921(88)90085-2

Aid and Growth in Sub-saharan Africa - the Recent Experience

Victor Lavy

Department of Economics

Research output: Contribution to journal › Article › peer-review

94 Scopus citations

Abstract

This paper presents some quantitative evidence on the relationship between foreign aid and economic growth in the low income countries of Sub-Saharan Africa. Two key findings are presented. First, aid is positively and significantly correlated with investment and economic growth in Africa. Second, fix capital formation contributed to the rate of growth. This result, which emerges from analyzing time series data, is somewhat surprising given the disappointing performance of African countries since the early 1970s.

Original language	English
Pages (from-to)	1777-1795
Number of pages	19
Journal	European Economic Review
Volume	32
Issue number	9
DOIs	https://doi.org/10.1016/0014-2921(88)90085-2
State	Published - Nov 1988

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 10 Reduced Inequalities
SDG 17 Partnerships for the Goals

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10.1016/0014-2921(88)90085-2

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Aid and Growth in Sub-saharan Africa - the Recent Experience

Abstract

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