Foreign aid and sustainable inclusive human development in Africa

Simplice Asongu and Joseph Nnanna

MPRA Paper from University Library of Munich, Germany

Abstract: Motivated by evidence that extreme poverty has been decreasing in all regions of the world with the exception of Africa, the study contributes to the literature on reinventing foreign aid by assessing if development assistance can sustain inclusive human development. The empirical evidence is based on 53 African countries with data for the period 2005-2012 and Generalised Method of Moments. The adopted foreign aid variables include: aid for social infrastructure, aid for economic infrastructure, aid to the productive sector, aid to the multi sector, programme assistance, action on debt and humanitarian assistance. The results reveal that whereas foreign aid improves inclusive human development in the short-run, it decreases it in the long term. Policy implications are discussed with particular emphasis on reinventing foreign aid for sustainable development in the post-2015 development agenda.

Keywords: Foreign Aid; Sustainable Development; Africa (search for similar items in EconPapers)
JEL-codes: B20 F35 F50 O10 O55 (search for similar items in EconPapers)
Date: 2018-01
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Citations: View citations in EconPapers (13)

Published in DBN Journal of Economics and Sustainable Growth 2.1(2019): pp. 1-29

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Related works:
Journal Article: FOREIGN AID AND SUSTAINABLE INCLUSIVE HUMAN DEVELOPMENT IN AFRICA (2018)
Working Paper: Foreign aid and sustainable inclusive human development in Africa (2018)
Working Paper: Foreign aid and sustainable inclusive human development in Africa (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:91988

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