Please use this identifier to cite or link to this item: http://hdl.handle.net/123456789/1596
Title: AID, AID VOLATILITY AND SECTORAL GROWTH IN SUBSAHARAN AFRICA: DOES FINANCE MATTER?
Authors: Kumi, E.
Ibrahim, M.
Yeboah, T.
Keywords: Official Development Assistance
Aid
Volatility
Sectoral growth
Sub-Saharan Africa
Issue Date: 2017
Publisher: Routledge
Series/Report no.: Vol. 18;Issue 4
Abstract: This article examines the impact of aid and its volatility on sectoral growth by relying on panel dataset of 37 sub-Saharan African (SSA) countries for the period 1983–2014. Findings from the system-generalized methods of moments show that, while foreign aid significantly drives sectoral growth, aid volatility deteriorates sectoral value additions impacting heavily on non-tradable sectors with no apparent effect on the agricultural sector. The deleterious effect of aid volatility on sectoral value additions in SSA is weakened by a well-developed financial system with significant impact on the tradable sector. Evidently, development of domestic financial markets enhances aid effectiveness.
URI: http://hdl.handle.net/123456789/1596
ISSN: 1522-9076
Appears in Collections:School of Business and Law

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