Skip to content
Home
About Us
Resources
Profiles Metrics
Authors Directory
Institutions Directory
Top Authors
Top Institutions
Top Sponsors
AI Digest
Contact Us
Menu
Home
About Us
Resources
Profiles Metrics
Authors Directory
Institutions Directory
Top Authors
Top Institutions
Top Sponsors
AI Digest
Contact Us
Home
About Us
Resources
Profiles Metrics
Authors Directory
Institutions Directory
Top Authors
Top Institutions
Top Sponsors
AI Digest
Contact Us
Menu
Home
About Us
Resources
Profiles Metrics
Authors Directory
Institutions Directory
Top Authors
Top Institutions
Top Sponsors
AI Digest
Contact Us
Publication Details
AFRICAN RESEARCH NEXUS
SHINING A SPOTLIGHT ON AFRICAN RESEARCH
economics, econometrics and finance
Aid, real exchange rate misalignment, and economic growth in sub-saharan Africa
World Development, Volume 40, No. 4, Year 2012
Notification
URL copied to clipboard!
Description
Generating sustained growth in Sub-Saharan Africa (SSA) is one of the most pressing challenges in global development. As the region clearly needs assistance to jump start its development, foreign aid becomes crucial. This paper investigates the nexus between foreign aid, exchange rate misalignment, and economic growth in SSA. Contrary to conventional wisdom, we do not find aid to be a major contributor to exchange rate overvaluation. In addition, we found that aid fosters growth but its impact is weaker in countries with overvalued exchange rates. Furthermore, we found that overvaluation reduces growth but its negative effect is ameliorated by financial development. © 2011 Elsevier Ltd.
Authors & Co-Authors
Elbadawi, Ibrahim Ahmed
United Arab Emirates, Dubai
Dubai Economic Council
Kaltani, Linda
United States, Washington, D.c.
International Monetary Fund
Soto, Raimundo
Chile, Santiago
Pontificia Universidad Católica de Chile
Statistics
Citations: 133
Authors: 3
Affiliations: 3
Identifiers
Doi:
10.1016/j.worlddev.2011.09.012
ISSN:
0305750X