Economic growth and the role of foreign aid in selected African countries

Evelyn Wamboye, Abel Adekola, Bruno S. Sergi

Research output: Contribution to journalArticlepeer-review

40 Scopus citations


This article revisits the question of aid effectiveness on economic growth by introducing a country's legal origin in the debate. We provide compelling evidence to show that both quantity and quality of aid disbursed to Africa's least developed countries matter and that these effects differ based on a country's legal origin. A quadratic specification of the total aid variable and source-based proxies are used to capture the effects of quantity and quality of aid, respectively. The aid effects are evaluated in a dynamic framework using system GMM. Our results are robust to different model specifications and estimation techniques.

Original languageEnglish (US)
Pages (from-to)155-171
Number of pages17
JournalDevelopment (Basingstoke)
Issue number2
StatePublished - Jun 2013

All Science Journal Classification (ASJC) codes

  • Geography, Planning and Development
  • Development


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