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305221

External financial resources and Economic growth nexus in Egypt

Article

Last updated: 04 Jan 2025

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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
 
 

DOI

10.21608/jsec.2023.305221

Keywords

ODA, FDI, Inflation, population growth, Economic growth, Egypt Jel Code: E01, F21, F23, Q01, Q56

Authors

First Name

Doaa

Last Name

M. Salman Abdou

MiddleName

-

Affiliation

, Faculty of Management Sciences, October University for Modern Sciences and Arts, Cairo

Email

dsalman@msa.edu.eg

City

-

Orcid

0000-0001-5050-6104

First Name

Mai

Last Name

Yasser

MiddleName

-

Affiliation

Faculty of Management Sciences, October University for Modern Sciences and Arts

Email

myasser@msa.edu.eg

City

-

Orcid

0000-0002-2067-8113

Volume

53

Article Issue

2

Related Issue

42104

Issue Date

2023-07-01

Receive Date

2022-09-22

Publish Date

2023-07-01

Page Start

13

Page End

30

Print ISSN

2636-2562

Link

https://jsec.journals.ekb.eg/article_305221.html

Detail API

https://jsec.journals.ekb.eg/service?article_code=305221

Order

305,221

Type

المقالة الأصلية

Type Code

914

Publication Type

Journal

Publication Title

المجلة العلمية للإقتصاد و التجارة

Publication Link

https://jsec.journals.ekb.eg/

MainTitle

External financial resources and Economic growth nexus in Egypt

Details

Type

Article

Created At

30 Dec 2024