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Journal of African Business Volume 18, 2017 - Issue 4
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Original Articles

Aid, Aid Volatility and Sectoral Growth in Sub-Saharan Africa: Does Finance Matter?

Emmanuel KumiCentre for Development Studies, University of Bath, Bath, UKCorrespondence[email protected]
ORCID Iconhttp://orcid.org/0000-0001-8318-8499View further author information
ORCID Icon,
Muazu IbrahimSchool of Business and Law, Department of Banking and Finance, University for Development Studies, Wa, GhanaORCID Iconhttp://orcid.org/0000-0002-1286-0564View further author information
ORCID Icon &
Thomas YeboahResearch, Projects and Innovation, College of Distance Education, University of Cape Coast, Cape Coast, GhanaView further author information
Pages 435-456 | Published online: 08 Aug 2017

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Sylvester Senyo Horvey, Dennis Boahene Osei & Imhotep Paul Alagidede. (2023) Insurance Penetration and Inclusive Growth in Sub-Saharan Africa: Evidence from Panel Linear and Nonlinear Analysis. International Economic Journal 37:4, pages 618-645.
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Dayo Benedict Olanipekun. (2023) Trade and sectoral performance in Africa: does technological innovation matter?. Innovation and Development 0:0, pages 1-15.
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Nimonka Bayale. (2022) Empirical Investigation into the Determinants of Foreign Aid in Sahel Countries: A Panel Bayesian Model Averaging Approach. Defence and Peace Economics 33:3, pages 306-326.
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Akinlo Taiwo. (2021) Financial Development, Real Sector and Economic Growth in Sub-Saharan Africa: The Threshold Effect. Journal of African Business 22:4, pages 603-626.
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Simplice A. Asongu, Joseph Nnanna & Paul N. Acha-Anyi. (2021) The Openness Hypothesis in the Context of Economic Development in Sub-Saharan Africa: The Moderating Role of Trade Dynamics on FDI. The International Trade Journal 35:4, pages 336-359.
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Elvin Shava. (2021) Financial sustainability of NGOs in rural development programmes. Development in Practice 31:3, pages 393-403.
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Muazu Ibrahim & Abraham Mensah Acquah. (2021) Re-examining the causal relationships among FDI, economic growth and financial sector development in Africa. International Review of Applied Economics 35:1, pages 45-63.
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Muazu Ibrahim & Xuan Vinh Vo. (2020) Effect of economic integration on sectorial value added in sub–saharan Africa: Does financial development matter?. The Journal of International Trade & Economic Development 29:8, pages 934-951.
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Simplice A. Asongu. (2020) Financial Access and Productivity Dynamics in Sub-Saharan Africa. International Journal of Public Administration 43:12, pages 1029-1041.
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Eric Evans Osei Opoku, Muazu Ibrahim & Yakubu Awudu Sare. (2019) Foreign Direct Investment, Sectoral Effects and Economic Growth in Africa. International Economic Journal 33:3, pages 473-492.
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Simplice A. Asongu & Jules R. Minkoua N.. (2018) Dynamic openness and finance in Africa. The Journal of International Trade & Economic Development 27:4, pages 409-430.
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Simplice Asongu, Christelle Meniago & Raufhon Salahodjaev. (2022) The role of value added across economic sectors in modulating the effects of FDI on TFP and economic growth dynamics. International Journal of Emerging Markets 18:11, pages 5087-5108.
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Amira Mohamed Emara & Nashwa Mostafa Ali Mohamed. (2021) Global economic fluctuations and human development: how is the impact transmitted in Egypt?. Review of Economics and Political Science 8:4, pages 250-270.
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Jean C. Kouam & Simplice Asongu. (2022) The non-linear effects of fixed broadband on economic growth in Africa. Journal of Economic Studies 50:5, pages 881-895.
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Panika Jain & Samaresh Bardhan. (2023) Energy aid volatility across developing countries: a disaggregated sectoral analysis. International Economics and Economic Policy 20:3, pages 457-483.
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José Alves, Cláudia Couto & José Carlos Coelho. (2023) The Impact of Foreign Aid on Aggregate Welfare Measures: A Panel Data Analysis. Journal of the Knowledge Economy.
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Sadik Aden Dirir. (2023) The Enabling Environment for Official Development Assistance and FDI Inflows: An Empirical Evidence from Djibouti. SSRN Electronic Journal.
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Anasuya Haldar & Narayan Sethi. (2022) Effect of sectoral foreign aid allocation on growth and structural transformation in sub-Saharan Africa—Analysing the roles of institutional quality and human capital. Economic Analysis and Policy 76, pages 1010-1026.
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Simplice A. Asongu & Nicholas M. Odhiambo. (2021) Remittances and value added across economic sub-sectors in Sub-Saharan Africa. Quality & Quantity 56:1, pages 23-41.
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Thomas Yeboah, Emmanuel Kumi & Muazu Ibrahim. 2022. The Palgrave Handbook of Africa’s Economic Sectors. The Palgrave Handbook of Africa’s Economic Sectors 867 894 .
Dennis Boahene Osei & Isaac Bentum-Ennin. 2022. The Palgrave Handbook of Africa’s Economic Sectors. The Palgrave Handbook of Africa’s Economic Sectors 841 866 .
Isiaka Akande Raifu, Obianuju Ogochukwu Nnadozie & Oluwatosin Ademola Adeniyi. (2021) Infrastructure-Structural Transformation Nexus in Africa: The Role of Financial Sector Development. Journal of African Development 22:1, pages 124-165.
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Stanley Emife Nwani. (2021) Human capital interaction on foreign aid-growth nexus: evidence from South Asia and sub-Saharan Africa. International Journal of Development Issues 20:2, pages 258-279.
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Jonas Gamso, Jikuo Lu & Farhod Yuldashev. (2020) Does foreign aid volatility increase international migration?. The Review of International Organizations 16:3, pages 581-598.
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Muazu Ibrahim, Xuan Vinh Vo & Olufemi Adewale Aluko. (2020) Structural transformation—Income inequality nexus in Africa: Does the Developer's dilemma hold?. Journal of Public Affairs 21:2.
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Ziyoda Asatullaeva, Reza Fathollah Zadeh Aghdam, Nisar Ahmad & Laylo Tashpulatova. (2021) The impact of foreign aid on economic development: A systematic literature review and content analysis of the top 50 most influential papers. Journal of International Development 33:4, pages 717-751.
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Patrick Pascal Saint-Firmin, Birama Diakite, Kevin Ward, Mitto Benard, Sara Stratton, Christine Ortiz, Arin Dutta & Seydou Traore. (2021) Community Health Worker Program Sustainability in Africa: Evidence From Costing, Financing, and Geospatial Analyses in Mali. Global Health: Science and Practice 9:Supplement 1, pages S79-S97.
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Elliot Boateng, Frank W. Agbola & Amir Mahmood. (2021) Foreign aid volatility and economic growth in Sub-Saharan Africa: Does institutional quality matter?. Economic Modelling 96, pages 111-127.
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Simplice A. Asongu, Mushfiqur Rahman, Joseph Nnanna & Mohamed Haffar. (2020) Enhancing information technology for value added across economic sectors in Sub-Saharan Africa✰. Technological Forecasting and Social Change 161, pages 120301.
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Sue Kyoung Lee, Gayoung Choi, Eunmi Lee & Taeyoung Jin. (2020) The impact of official development assistance on the economic growth and carbon dioxide mitigation for the recipient countries. Environmental Science and Pollution Research 27:33, pages 41776-41786.
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Sumbal Fatima, Bateer Chen, Muhammad Ramzan & Qamar Abbas. (2020) The Nexus Between Trade Openness and GDP Growth: Analyzing the Role of Human Capital Accumulation. SAGE Open 10:4, pages 215824402096737.
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Muazu Ibrahim. (2020) Effects of trade and financial integration on structural transformation in Africa: New evidence from a sample splitting approach. Physica A: Statistical Mechanics and its Applications 556, pages 124841.
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Emmanuel Kumi. (2020) From donor darling to beyond aid? Public perceptions of ‘Ghana Beyond Aid’. The Journal of Modern African Studies 58:1, pages 67-90.
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Simplice A. Asongu & Nicholas M. Odhiambo. (2020) Foreign direct investment, information technology and economic growth dynamics in Sub-Saharan Africa. Telecommunications Policy 44:1, pages 101838.
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Simplice A. ASONGU, Jacinta NWACHUKWU & Nicholas BIEKPE. (2018) FOREIGN AID, TERRORISM AND GROWTH: CONDITIONAL EVIDENCE FROM QUANTILE REGRESSION. Annals of Public and Cooperative Economics 90:3, pages 457-486.
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John Ssozi, Simplice Asongu & Voxi Heinrich Amavilah. (2019) The effectiveness of development aid for agriculture in Sub-Saharan Africa. Journal of Economic Studies 46:2, pages 284-305.
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Yakubu Awudu Sare, Anthony Q.Q. Aboagye & Lord Mensah. (2018) Financial development, sectoral effects, and international trade in Africa: An application of pooled mean group ( PMG ) estimation approach . International Journal of Finance & Economics 24:1, pages 328-347.
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Muazu Ibrahim & Paul Alagidede. (2018) Nonlinearities in financial development–economic growth nexus: Evidence from sub-Saharan Africa. Research in International Business and Finance 46, pages 95-104.
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Muazu Ibrahim & Yakubu Awudu Sare. (2018) Determinants of financial development in Africa: How robust is the interactive effect of trade openness and human capital?. Economic Analysis and Policy 60, pages 18-26.
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Muazu Ibrahim. (2018) Interactive effects of human capital in finance–economic growth nexus in Sub-Saharan Africa. Journal of Economic Studies 45:6, pages 1192-1210.
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Albert A. Arhin, Emmanuel Kumi & Mohammed-Anwar Sadat Adam. (2018) Facing the Bullet? Non-Governmental Organisations’ (NGOs’) Responses to the Changing Aid Landscape in Ghana. VOLUNTAS: International Journal of Voluntary and Nonprofit Organizations 29:2, pages 348-360.
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King Yoong Lim & Chunping liu. (2022) Megatrends and Interdependence of the Loan Aid-Capital Investment Links Across Developing Regional Country Blocs Theory and Evidence. SSRN Electronic Journal.
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Jean Kouam & Simplice Asongu. (2022) The Non-Linear Effects of Fixed Broadband on Economic Growth in Africa. SSRN Electronic Journal.
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Simplice Asongu & Nicholas Odhiambo. (2021) Remittances and Value Added across Economic sub-sectors in Sub-Saharan Africa. SSRN Electronic Journal.
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Simplice Asongu, Joseph Nnanna & Paul N. Acha-Anyi. (2020) The Openness Hypothesis in the Context of Economic Development in Sub-Saharan Africa: The Moderating Role of Trade Dynamics on FDI. SSRN Electronic Journal.
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Simplice Asongu. (2019) Financial Access and Productivity Dynamics in Sub-Saharan Africa. SSRN Electronic Journal.
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Simplice Asongu & Nicholas Odhiambo. (2019) Foreign Direct Investment, Information Technology and Economic Growth Dynamics in Sub-Saharan Africa. SSRN Electronic Journal.
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Simplice Asongu & Jules Minkoua N.. (2017) Dynamic Openness and Finance in Africa. SSRN Electronic Journal.
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