External financial resources and Economic growth nexus in Egypt | ||
| المجلة العلمية للإقتصاد و التجارة | ||
| Volume 53, Issue 2, July 2023, Pages 13-30 PDF (386.84 K) | ||
| Document Type: المقالة الأصلية | ||
| DOI: 10.21608/jsec.2023.305221 | ||
| Authors | ||
| Doaa M. Salman Abdou1; Mai Yasser2 | ||
| 1, Faculty of Management Sciences, October University for Modern Sciences and Arts, Cairo | ||
| 2Faculty of Management Sciences, October University for Modern Sciences and Arts | ||
| Abstract | ||
| Developing countries depend on foreign countries' external finance as a source of funds to develop economic growth. Egypt also depends on official development assistance (ODA) and foreign direct investment (FDI) is considered one sort of dependency of developing countries on the donors of developed countries. ODA affects economic growth and sustainability in many developing countries and at the same time creates challenges. The study aims to capture the nexus between economic growth and the ODA in Egypt during the period from 1979 to 2018 based on the availability of data. An auto-regression distributed lag model (ARDL) bounds testing approach has been employed in this study to assess the long-run impact of ODA on economic growth. Results show a long-run positive relation between ODA and economic growth in Egypt. While FDI is insignificant in the short-run and long run. Based on the results policy recommendation is provided to maximize the utilization of the external resources | ||
| Keywords | ||
| ODA; FDI; Inflation; Population Growth; Economic Growth; Egypt Jel Code: E01; F21; F23; Q01; Q56 | ||
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