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Financing Africa’s DevelopmentFinancing Development Without Tears: An Empirical Investigation on Sub-saharan Africa

Financing Africa’s Development: Financing Development Without Tears: An Empirical Investigation... [We examined both traditional and ‘innovative’ sources of financing development in SSA. The panel results for 36 SSA countries showed mixed results. While revenues, savings and remittances had a positive relationship with growth and per capita income, inflation, governance and external debt indicated negative relationship with growth. It is apparent that SSA economies must improve on governance and strive to mobilize domestic resources such as savings, tax revenues and private–public partnership arrangements to finance development.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Financing Africa’s DevelopmentFinancing Development Without Tears: An Empirical Investigation on Sub-saharan Africa

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Publisher
Springer International Publishing
Copyright
© The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2020
ISBN
978-3-030-46481-3
Pages
15 –31
DOI
10.1007/978-3-030-46482-0_2
Publisher site
See Chapter on Publisher Site

Abstract

[We examined both traditional and ‘innovative’ sources of financing development in SSA. The panel results for 36 SSA countries showed mixed results. While revenues, savings and remittances had a positive relationship with growth and per capita income, inflation, governance and external debt indicated negative relationship with growth. It is apparent that SSA economies must improve on governance and strive to mobilize domestic resources such as savings, tax revenues and private–public partnership arrangements to finance development.]

Published: Jun 25, 2020

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