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Impact of Official Development Assistance on the Growth of WAEMU Member Countries: Assessment Following the Recommendations of the 2002 Monterrey Conference

Lacine Bayoko
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Lacine Bayoko: Faculty of Economic and Management Sciences, Felix Houphouet Boigny University of Abidjan

Mediterranean Journal of Social Sciences, 2018, vol. 9, issue 1, 71-79

Abstract: This paper evaluates the impact of official development assistance on the growth of WAEMU countries using an econometric approach. This assessment heeds the recommendation of the 2002 Monterrey Conference that diversification of development support resources is needed. The results obtained indicate that the total net public assistance received has a positive and significant impact in the short and long term on the growth of WAEMU countries. By diversifying the development support resources of the zone, the minimum threshold of official development assistance needed to boost the growth of the countries of the zone is 13.5% of GDP per capita.

Keywords: Official development assistance; Economic growth; Domestic savings; Foreign Direct Investment (FDI); causality; Cointegration; threshold effect (search for similar items in EconPapers)
Date: 2018
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