Foreign aid volatility and lifelong learning

Simplice Asongu, Joseph I. Uduji and Elda N. Okolo-Obasi

International Journal of Education Economics and Development, 2020, vol. 11, issue 4, 370-406

Abstract: This paper has put a demand-side empirical structure to the hypothesis that foreign aid volatility adversely affects choices to lifelong learning in recipient countries. Lifelong learning is measured as the combined knowledge acquired during primary, secondary and tertiary educational enrolments. Three types of aggregate foreign aid volatilities are computed in a twofold manner: baseline standard deviations and standard errors (standard deviations of residuals after first-order autoregressive processes). An endogeneity robust system GMM empirical strategy is employed. The findings broadly show that foreign aid volatility does not adversely affect the demand-side choices of lifelong learning in Africa. As a policy implication, when faced with aid uncertainty, the demand for education would increase. This may be explained by the need for more self-reliance in order to mitigate income risks or/and the use of education as means of coping with uncertainty. More policy implications are discussed.

Keywords: primary education; secondary education; tertiary education; lifelong learning; knowledge economy; foreign aid; volatility; economic development; generalised method of moments; principal component analysis; Africa. (search for similar items in EconPapers)
Date: 2020
References: Add references at CitEc
Citations: View citations in EconPapers (10)

Downloads: (external link)
http://www.inderscience.com/link.php?id=110595 (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Foreign aid volatility and lifelong learning (2019)
Working Paper: Foreign aid volatility and lifelong learning (2019)
Working Paper: Foreign aid volatility and lifelong learning (2019)
Working Paper: Foreign aid volatility and lifelong learning (2019)
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:ids:ijeded:v:11:y:2020:i:4:p:370-406

Access Statistics for this article

More articles in International Journal of Education Economics and Development from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().