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The Role of Official Development Assistance and Private Capital Flows in Sub-Saharan African Structural Change: A time series analysis

King, Jerrel LU (2018) EKHS42 20181
Department of Economic History
Abstract
External financial flows geared towards Sub-Saharan Africa have provided new financing for investment opportunities, beyond the resources that are scarcely available domestically. Within the greater context of structural transformation in today’s globalized world, this thesis studied the dynamic effects of Official Development Assistance (ODA) and private capital flows on structural change in Sub-Saharan Africa using Vector Autoregressive and Vector Error Correction models. Using combinations of productivity and employment data on eight Sub-Saharan African countries for the period 1977-2016, it is shown that private capital flows have a tendency to spur structural change in the short run, whereas Official Development Assistance spurs... (More)
External financial flows geared towards Sub-Saharan Africa have provided new financing for investment opportunities, beyond the resources that are scarcely available domestically. Within the greater context of structural transformation in today’s globalized world, this thesis studied the dynamic effects of Official Development Assistance (ODA) and private capital flows on structural change in Sub-Saharan Africa using Vector Autoregressive and Vector Error Correction models. Using combinations of productivity and employment data on eight Sub-Saharan African countries for the period 1977-2016, it is shown that private capital flows have a tendency to spur structural change in the short run, whereas Official Development Assistance spurs structural change over longer time frames. (Less)
Please use this url to cite or link to this publication:
author
King, Jerrel LU
supervisor
organization
course
EKHS42 20181
year
type
H2 - Master's Degree (Two Years)
subject
keywords
Structural change, Official Development Assistance, private capital flows, financial flows, time series
language
English
id
8949787
date added to LUP
2018-06-21 13:46:19
date last changed
2018-06-21 13:46:19
@misc{8949787,
  abstract     = {{External financial flows geared towards Sub-Saharan Africa have provided new financing for investment opportunities, beyond the resources that are scarcely available domestically. Within the greater context of structural transformation in today’s globalized world, this thesis studied the dynamic effects of Official Development Assistance (ODA) and private capital flows on structural change in Sub-Saharan Africa using Vector Autoregressive and Vector Error Correction models. Using combinations of productivity and employment data on eight Sub-Saharan African countries for the period 1977-2016, it is shown that private capital flows have a tendency to spur structural change in the short run, whereas Official Development Assistance spurs structural change over longer time frames.}},
  author       = {{King, Jerrel}},
  language     = {{eng}},
  note         = {{Student Paper}},
  title        = {{The Role of Official Development Assistance and Private Capital Flows in Sub-Saharan African Structural Change: A time series analysis}},
  year         = {{2018}},
}