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P. B. Eregha
''Aid Flows and Growth Diagnosis: Empirical Evidence for A Panel of ECOWAS Countries''
( 2013, Vol. 33 No.4 )
This article investigates if the stability of aid flows has an impact on investment and economic growth for the Economic Community of West African States (ECOWAS) countries using pooled panel regression from 1970-2008. The results suggest that foreign aid has a positive and significant impact on investment, but a negative impact on economic growth. The uncertainty variable has a negative and statistically significant impact on both economic growth and investment
Keywords: Aid, Aid Uncertainty, Investment, Economic Growth.
JEL: F3 - International Finance: General
F2 - International Factor Movements and International Business: General
Manuscript Received : Oct 03 2013 Manuscript Accepted : Oct 10 2013

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