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Article
Publication date: 27 July 2018

Mostafa E. AboElsoud

The effectiveness of foreign aid, specifically, the role it plays in promoting growth in developing countries, is one of the most debated issues in the field of economics. Despite…

320

Abstract

Purpose

The effectiveness of foreign aid, specifically, the role it plays in promoting growth in developing countries, is one of the most debated issues in the field of economics. Despite the enormous resources channeled to developing countries over the past decades, only limited tangible results can be observed. The literature on aid effectiveness is vast. Yet, the results are inconclusive. The purpose of this paper is to examine the impact of economic aid provided by the USA on Egyptian economic growth before the Egyptian Revolution in 2011, more precisely, Mubarak’s era.

Design/methodology/approach

The paper uses a vector autoregressive (VAR) model and Granger causality test to answer the question of whether the US Agency for International Development (USAID) has been conductive to growth in Egypt over the period of 1981 to 2010.

Findings

The results reveal that USAID has no impact on the Egyptian economic growth.

Originality/value

The recommendations put forward by this paper are measures that Egyptian policymakers can undertake to increase aid effectiveness. These measures include the reduction of corruption, more active participation in delivering aid, greater accountability for aid outcomes and coordination of the activities of aid agencies.

Details

Journal of Chinese Economic and Foreign Trade Studies, vol. 11 no. 3
Type: Research Article
ISSN: 1754-4408

Keywords

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Article
Publication date: 20 January 2020

Anas Al Qudah, Azzouz Zouaoui and Mostafa E. Aboelsoud

This study aims to better understand the phenomenon of corruption in Tunisia in relation to its impact on economic development. The period of study is 1995 to 2014. The…

676

Abstract

Purpose

This study aims to better understand the phenomenon of corruption in Tunisia in relation to its impact on economic development. The period of study is 1995 to 2014. The auto-regressive distributed lag (ARDL) model is adopted to examine the existence of a long-term relationship between the above-mentioned variables and also the direct and indirect consequences of corruption on economic development in Tunisia.

Design/methodology/approach

The study uses a modern econometric technique to estimating the long-term relationship (e.g. the co-integration) between corruption and economic development; using this technique also allows us to investigate the impact of corruption on economic growth.

Findings

The empirical results show that corruption has a negative effect on per capita gross domestic product (GDP) in Tunisia for the period under review. This effect is described as a direct effect of corruption in the long term; specifically, declines are observed in per capita GDP, over the long run, by almost 1 per cent, following a 1 per cent increase in the level of corruption. The results also show that corruption has indirect effects via transmission channels, such as investment in physical capital, which is positively significant in the presence of corruption. The same observation is made at the level of government expenditure during the previous year, while for those of the current year, the coefficient becomes negative but not significant. With respect to human capital, the impact of corruption on education expenditures is insignificant.

Originality/value

The paper begins with an overview of previous literature in this area. Given the nature of corruption and the differences in the meanings attributed to it, from one country to another and from one culture to another, the paper moves on to study the impact of corruption in Tunisia as a case study for one country with one socio-cultural environment. The authors then propose several methods and possible solutions, which could be implemented to deal with this problem.

Details

Journal of Money Laundering Control, vol. 23 no. 1
Type: Research Article
ISSN: 1368-5201

Keywords

Available. Content available
Article
Publication date: 16 March 2021

John Adams and Mostafa AboElsoud

300

Abstract

Details

Journal of Chinese Economic and Foreign Trade Studies, vol. 14 no. 1
Type: Research Article
ISSN: 1754-4408

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