TY  - JOUR
TT  - Does Foreign Aid Accelerate Economic Growth? An Empirical Analysis For Nigeria
AU  - Fasanya, Ismail Olaleke
AU  - Onakoya, Adegbemi B.O
PY  - 2012
DA  - December
JF  - International Journal of Economics and Financial Issues
JO  - IJEFI
PB  - İlhan ÖZTÜRK
WT  - DergiPark
SN  - 2146-4138
SP  - 423
EP  - 431
VL  - 2
IS  - 4
KW  - Foreign Aid
KW  - Policy
KW  - Modelling
KW  - Economic Growth
KW  - Nigeria
N2  - This paper analyses the impact of foreign aid on economic growth in Nigeria during the period of 1970-2010 making use of annual time series data. The empirical analysis rests on the neo-classical modelling analytical framework and combined several procedures in modern econometric analysis/estimation techniques. Our findings shows that aid flows has significant impact on economic growth in Nigeria: domestic investment increased in response to aid flows and population growth has no significant effect on aid flows. Aid flows also provides free resources to increase domestic investment, thus confirming the aid-policy-growth hypothesis. Therefore, donor governments should be aware of the political situations in recipient countries, and work with international bodies to ensure as much stability as possible. Finally, foreign aid transfers should henceforth pledge to abide by the oath to of doing no harm.
UR  - https://dergipark.org.tr/en/pub/ijefi/article/351858
L1  - https://dergipark.org.tr/en/download/article-file/362710
ER  -