Table 1 Studies synopsis
From: Do foreign aid triggers economic growth in Chad? A time series analysis
Author(s) | Country(S) | Variable(s) Used | Econometric Technique | Period | Findings |
|---|---|---|---|---|---|
Alam and Bhowmik [9] | Bangladesh | Y, IMP, EXP, GCF | VECM, Granger causality test | 1972–2018 | Significant relationship EXP → Y IMP → Y GCF → Y |
Awan and Qasim [15] | Pakistan | Y, IMP, EXP, ED, GCF, DS, POP | ARDL | 1980–2017 | Insignificant relationship EXP → Y GCP → Y IMP → Y |
Asongu and Nwachukwu [14] | 52 African countries | R.Q, R.L, V&A, MLD, DAC, Trade, ODA | 2SLS, OLS, 2SLS-IV, Panel Granger causality | 1996–2010 | Negative Aid-Growth relationship Gov.E → Y R.Q → Y CC → Y R.L → Y |
Ee [19] | Four Sub-Saharan African (SSA) countries | ELG | Panel Unit Root Tests, Panel Cointegration, FMOLS, DOLS | 1985–2014 | Positive Aid-Growth relationship ELG → Y |
Ouedraogo and Sourouema [46] | 40 sub-Saharan African countries | Y, PI, EXP | System-GMM, Huber-White Sandwich, LSDV | 1995–2015 | Positive Aid-Growth relationship EXP → Y PI → Y |
Dong and Fan [18] | 47 African countries | Y, ODI, FAID | Fixed Effect, Quantile Regressions, Pooled OLS, GMM, System-GMM, IV Regressions | 2003–2013 | Significant Aid-Growth relationship FAID → Y Insignificant Aid-Growth relationship ODI → Y |
Tekin [57] | 14 aid-dependent African countries | ODA, OPENNESS, FAID | Granger Causality Test | 1970–2017 | Insignificant Aid-Growth relationship (Chad and the Gambia) FAID → Y |
Maruta et al. [38] | 74 LDCs from Africa, Asia, and South America | Y, eAID, aAID, hAID | 2SLS, System-GMM | 1980–2016 | Insignificant Aid-Growth Effect in Africa (AID → Y), Asia (AID → Y) and South America (AID → Y) |
Sethi et al. [53] | India and Sri Lanka | Y, FAID, GCF,TR, INF, FD | Granger Causality test, VAR modeling | 1960–2015 | Insignificant Aid-Growth Effect in Sri Lanka (FAID → Y) Significant Aid-Growth Effect in India on the Short-run (FAID → Y) |
Jena and Sethi (2020) | South Asian countries | Y, FAID, INV, TR, PS, FD | PDOLS, FMOLS, Granger causality test | 1996–2017 | Significant Aid-Growth Effect FAID → Y TR → Y |
Adebayo [2] | Nigeria | Y, GCF, FDI, EXP, GDS | ARDL, TYGC, Variance Decomposition, Wavelet Coherence | 1981–2018 | Significant relationship GCF → Y EXP → Y GDS → Y |
Adams [1] | Asian and African countries | Y, FAID | Panel Data Fixed-effects Model | 1980—2015 | Insignificant Aid-Growth relationship |
Mustafa et al. [41] | Sudan | Y, ODA, HC, EXP, CRD, PRIV | ARDL | 1980—2015 | Significant Aid-Growth relationship ODA → Y HC → Y EXP → Y CRD → Y PRIV → Y |
Ehigiamusoe and Lean [20] | Nigeria | Y, FCI, FDI, FPI, FL | ARDL | 1980—2015 | Insignificant Aid-Growth relationship FDI → Y FL → Y Significant Aid-Growth relationship FPI → Y FCI → Y |
Adebayo and Kalmaz | Nigeria | Y, FAID, GCF, INF | ARDL, FMOLS, DOLS, Causality, Wavelet Coherence Technique | 1980–2018 | Insignificant Aid-Growth relationship GCF → Y |
Ali et al. [10] | Ethiopia | Y, FAID | OLS | 1991–2016 | Negative Aid-Growth relationship |