La volatilité de l'aide, les recettes d'exportation et l'investissement privé domestique en zone CEMAC
AbstractInvestment is considered as one of the main channels through which aid affects economic growth. This paper shows that aid volatility has a negative impact on domestic private investment in CEMAC countries, but that if we take into consideration export revenue (through an interactive variable), the effect is mitigated. The dependence of these countries on export revenue rather than on aid renders aid volatility inconsequential. Donors should therefore pay attention to stabilising export revenue which is more volatile and detrimental than aid flows.
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Bibliographic InfoArticle provided by ULB -- Universite Libre de Bruxelles in its journal Brussels economic review.
Volume (Year): 49 (2006)
Issue (Month): 3 ()
aide publique au développement; formation de capital; volatilité; CEMAC;
Find related papers by JEL classification:
- F35 - International Economics - - International Finance - - - Foreign Aid
- E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Capital; Investment; Capacity
- F15 - International Economics - - Trade - - - Economic Integration
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