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Jurnal Ekonomi Malaysia

48 (1) 2014 63 – 73

Impact of Foreign Aid and Foreign Direct Investment on Economic Growth: Evidence from Sub-Saharan African Countries
Kesan Bantuan dan Pelaburan Langsung Asing ke Atas Pertumbuhan Ekonomi: Bukti daripada Negara-negara Sub-Sahara Afrika

Sekolah Pengajian Siswazah
Universiti Putra Malaysia
43400 Serdang, Selangor
MALAYSIA

rashid_masoud@hotmail.com

Fakulti Ekonomi dan Pengurusan
Universiti Putra Malaysia
43400 UPM Serdang, Selangor
MALAYSIA

shivee@putra.upm.edu.my

Fakulti Ekonomi dan Pengurusan
Universiti Putra Malaysia
43400 UPM Serdang, Selangor
MALAYSIA

drnormazismail@gmail.com

Fakulti Ekonomi dan Pengurusan
Universiti Putra Malaysia
43400 UPM Serdang, Selangor
MALAYSIA

wazman@upm.edu.my

Abstract

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.

Keywords

economic growth; Foreign aid; Foreign direct investment; Generalized Method of Moments; Sub-Saharan Africa
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Bibliography

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Mohamed, , Kaliappan, S., Ismail, N. W., & Azman-Saini, (2014). Impact of Foreign Aid and Foreign Direct Investment on Economic Growth: Evidence from Sub-Saharan African Countries. Jurnal Ekonomi Malaysia, 48(1), 63–73.

@article{mohamed2014impact,
  title={Impact of Foreign Aid and Foreign Direct Investment on Economic Growth: Evidence from Sub-Saharan African Countries},
  author={Mohamed, Masoud Rashid and Kaliappan, Shivee and Ismail, Normaz Wana and Azman-Saini, W.N.W.},
  journal={Jurnal Ekonomi Malaysia},
  volume={48},
  number={1},
  pages={63—73},
 

year={2014},
}

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