Does Developmental Aid Impact or Impede on Growth: Evidence from Nigeria

Authors

  • Iyabo A. Olanrele Nigerian institute of social and economic research, Ojoo, Oyo, Nigeria
  • Taofik Mohammed Ibrahim

Abstract

This paper examines the effect of four different types of developmental aid on economic growth in Nigeria utilizing the Two-Stage Least Square (2SLS) estimation technique between 1970 and 2012. The empirical estimates show that multilateral aid had more impact on growth compared to bilateral aid from Nigerian’s trading partners, top-five CDI ranked countries, and Nordic countries. Our findings support the need for stringent conditionalities and standard monitoring and evaluation framework by donors in order to promote meaningful impact of developmental aid on economic growth.

Keywords: Developmental aid; Economic Growth; Nigeria

JEL Classifications: O1; O2; O4

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Published

2015-01-21

How to Cite

Olanrele, I. A., & Ibrahim, T. M. (2015). Does Developmental Aid Impact or Impede on Growth: Evidence from Nigeria. International Journal of Economics and Financial Issues, 5(1), 288–296. Retrieved from https://www.econjournals.com/index.php/ijefi/article/view/1028

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