Presentation Title

The Effect of Foreign Aid on Economic Growth in Sub-Saharan Africa

Location

Library Basement

Abstract

Foreign aid plays a crucial role in the economies of developing countries. It is a development tool designed by high-income countries to assist low-income nations in increasing economic growth, improving the well-being of the population, and facilitating institutional development. The empirical evidence on the effectiveness of aid on economic growth in developing countries is mixed, however, and there is limited economic literature on the impact of aid in Sub-Saharan African countries. This study utilizes data from the World Bank and models from previous economic studies to determine that the large transfers of aid to Sub-Saharan Africa prevent the development of self-sustaining habits that could lead to economic growth in Sub-Saharan African countries.

Presentation Type

Individual Presentation

Start Date

4-10-2018 10:30 AM

End Date

4-10-2018 11:45 AM

Panel

Social and Economic Policies

Field of Study for Presentation

Economics

No downloadable materials are available for this event.

Share

COinS
 
Apr 10th, 10:30 AM Apr 10th, 11:45 AM

The Effect of Foreign Aid on Economic Growth in Sub-Saharan Africa

Library Basement

Foreign aid plays a crucial role in the economies of developing countries. It is a development tool designed by high-income countries to assist low-income nations in increasing economic growth, improving the well-being of the population, and facilitating institutional development. The empirical evidence on the effectiveness of aid on economic growth in developing countries is mixed, however, and there is limited economic literature on the impact of aid in Sub-Saharan African countries. This study utilizes data from the World Bank and models from previous economic studies to determine that the large transfers of aid to Sub-Saharan Africa prevent the development of self-sustaining habits that could lead to economic growth in Sub-Saharan African countries.