Capital mobility, foreign aid, and openness: further panel data evidence from sub-Saharan Africa
James Payne and
Risa Kumazawa
Journal of Economics and Finance, 2005, vol. 29, issue 1, 122-126
Abstract:
This study uses several alternative panel data estimation techniques (pooled ordinary least squares, fixed effects, and random effects) to examine the effect of domestic savings, foreign aid, the evolution of capital mobility over time, and openness on investment rates for a sample of 29 sub-Saharan African countries over the time period 1980 to 2001. The empirical evidence suggests the presence of capital mobility in line with previous studies of developing economies and that capital mobility has gradually increased over time. Moreover, foreign aid and openness both have positive and significant impacts on investment rates. Copyright Springer 2005
Date: 2005
References: Add references at CitEc
Citations: View citations in EconPapers (41)
Downloads: (external link)
http://hdl.handle.net/10.1007/BF02761547 (text/html)
Access to full text is restricted to subscribers.
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:spr:jecfin:v:29:y:2005:i:1:p:122-126
Ordering information: This journal article can be ordered from
http://www.springer. ... cs/journal/12197/PS2
DOI: 10.1007/BF02761547
Access Statistics for this article
Journal of Economics and Finance is currently edited by James Payne
More articles in Journal of Economics and Finance from Springer, Academy of Economics and Finance Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla (sonal.shukla@springer.com) and Springer Nature Abstracting and Indexing (indexing@springernature.com).