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Impacts of Aid for Innovation on Economic Growth in the Sub-Saharan African Countries

Year: 2018

Type: article

Abstract: For several years, sub-Saharan Africa (SSA) countries continue to struggle with poverty, hunger, epidemics, access to proper sanitation and potable water etc. even though the continent is considered to be endowed with half of the world’s natural resources. Low value-added products continue to be the primary export of countries in the continent since it lacks the technical know-how to manage its resources for sustainable growth and development it envisages. This paper examines the effectiveness of aid for innovation in enhancing growth and innovative performance of SSA using the Generalized Method of Moment (GMM) and fixed effect models for the period 2002 to 2015. The empirical results revealed that growth and innovation in the continent could be improved significantly if aid is more advanced to innovation and research. Also, the paper noticed that aid for innovation have more impacts in countries with the lower level of innovation and technological advancement.

Source: Mediterranean Journal of Social Sciences

DOI: 10.2478/mjss-2018-0119

Authors: Beáta Udvari, Isaac Kwesi Ampah

Institution: University of Szeged

Language: English

Topic: International Development and Aid

Subfield: Development

Field: Social Sciences

Domain: Social Sciences

SDGs: Industry, innovation and infrastructure, Partnerships for the goals, Decent work and economic growth, No poverty

Open Access status: diamond

OpenAlex ID: W2884213784

FWCI: 2.751

Cites: 48

Cited by: 14

Related to: 10