Testing the impact of foreign aid on domestic private investment in West Africa

Uneze, Eberechukwu

Drawing on the vast literature on aid allocation, this paper examines whether foreign aid has any impact on private investment in West Africa, controlling for other determinants of private investment. Following from this, the paper investigates whether multilateral aid and bilateral aid affect private investment differently. In a related analysis, the paper examines the impact of aid uncertainty on private investment. The results show that multilateral aid affects private investment positively, but not bilateral aid, and aid uncertainty, defined by the coefficient of variation has a negative impact on private investment and therefore reduces the impact of aid on domestic private investment.

(2010). Testing the impact of foreign aid on domestic private investment in West Africa [journal article - articolo]. In SAVINGS AND DEVELOPMENT. Retrieved from http://hdl.handle.net/10446/27501

Titolo:	Testing the impact of foreign aid on domestic private investment in West Africa
Tutti gli autori:	UNEZE, EBERECHUKWU
Data di pubblicazione:	2010
Abstract (eng):	Drawing on the vast literature on aid allocation, this paper examines whether foreign aid has any impact on private investment in West Africa, controlling for other determinants of private investment. Following from this, the paper investigates whether multilateral aid and bilateral aid affect private investment differently. In a related analysis, the paper examines the impact of aid uncertainty on private investment. The results show that multilateral aid affects private investment positively, but not bilateral aid, and aid uncertainty, defined by the coefficient of variation has a negative impact on private investment and therefore reduces the impact of aid on domestic private investment.
Abstract (fre):	S’appuyant sur la vaste littérature sur l’allocation d’aide, cet article examine si l’aide étrangère a une incidence sur l’investissement privé en Afrique occidentale, si les autres déterminants de l’investissement privé sont contrôles. L‘étude examine aussi si l’aide multilatérale et l’aide bilatérale affectent différemment l’investissement privé. Dans une analyse connexe, l’article examine l’impact de l’incertitude d’aide sur l’investissement privé. Les résultats montrent que l’aide multilatérale affecte positivement l’investissement privé, mais cela ne se produit pas avec l’aide bilatérale, et l’incertitude de l’aide, définie par le coefficient de variation, a un impact négatif sur l’investissement privé et réduit donc l’impact de l’aide sur l’investissement privé intérieur.
Nelle collezioni:	S&D Archive - Archivio della rivista S&D

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http://hdl.handle.net/10446/27501

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