Abstract
This study investigates the relationship between foreign aid and economic growth in sub-Saharan Africa using a panel ARDL model. Data from 15 selected countries over 20 years (2002–2021) were analyzed. Findings show that institutional quality and unemployment rate are significant in the short-run (mean group (MG) estimation). In the long-run (dynamic fixed effects (DFE) model), variables such as trade openness, exchange rate, population growth, unemployment rate, institutional quality, consumption expenditure, official development assistance, and aid square significantly affect economic growth. Recommendations include strengthening institutions, promoting trade openness, addressing unemployment through skill development, maintaining price stability, and improving development assistance transparency.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callSimilar Papers
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
