Impacts of Aid for Innovation on Economic Growth in the Sub-Saharan African Countries

Udvari Beáta and Isaac Ampah
Additional contact information
Udvari Beáta: Ph.D., Assistant Professor, University of Szeged, Faculty of Economics and Business Administration

Mediterranean Journal of Social Sciences, 2018, vol. 9, issue 4, 99-108

Abstract: For several years, sub-Saharan Africa (SSA) countries continue to struggle with poverty, hunger, epidemics, access to proper sanitation and potable water etc. even though the continent is considered to be endowed with half of the world’s natural resources. Low value-added products continue to be the primary export of countries in the continent since it lacks the technical know-how to manage its resources for sustainable growth and development it envisages. This paper examines the effectiveness of aid for innovation in enhancing growth and innovative performance of SSA using the Generalized Method of Moment (GMM) and fixed effect models for the period 2002 to 2015. The empirical results revealed that growth and innovation in the continent could be improved significantly if aid is more advanced to innovation and research. Also, the paper noticed that aid for innovation have more impacts in countries with the lower level of innovation and technological advancement.

Keywords: sub-Saharan Africa (SSA); Aid for innovation; Generalized Method of Moment (GMM); Economic Growth; innovation capacities (search for similar items in EconPapers)
Date: 2018
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://doi.org/10.2478/mjss-2018-0119 (text/html)

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:vrs:mjsosc:v:9:y:2018:i:4:p:99-108:n:10

DOI: 10.2478/mjss-2018-0119

Access Statistics for this article

Mediterranean Journal of Social Sciences is currently edited by Alessandro Figus

More articles in Mediterranean Journal of Social Sciences from Sciendo
Bibliographic data for series maintained by Peter Golla ().