220 AJBMR • Doi Publications
News Updates Current Issue: Vol.09 No.01 2024    Ajbmr indexed in Australian Business Dean Council (ABDC) | Find us on: Academic Journals Database, World Cat , ISI

Doi Publications

   

  • Foreign Aid and Poverty level in West African Countries: New evidence using a heterogeneous panel analysis
    â–ºOlofin Olabode Philip

     10.52283/NSWRCA.AJBMR.20130304A02

    ABSTRACT
    This paper re-examines the effects of different types of foreign aid on poverty level in 8 West African countries between 1975 and 2010 by employing both the first and second generation econometrics methods of panel unit root test, cointegration test and empirical estimators with heterogeneous slopes. Our results suggest that total foreign aid and food aid impact positively on poverty, while technical aid reduces poverty. Apart from total foreign aid, none of the results was statistically significant. The results show negative relationship among poverty, life expectancy, foreign direct investment, per capita GDP and financial depth, but they were not statistically significant. This suggests that their impacts on poverty in West Africa were minimal.
    Keywords: Foreign aid; Poverty; Non-stationary panels; Parameter heterogeneity; Cross sectional dependence, West African countries.

    Pages:09-18 :: Download-View
 
Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.