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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 |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| AID, AID VOLATILITY AND SECTORAL GROWTH IN SUBSAHARAN AFRICA DOES FINANCE MATTER.pdf | 2.14 MB | Adobe PDF | View/Open |
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