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DOES FOREIGN AID PROMOTE DEVELOPMENT? A STUDY OF THE EFFECTS OF FOREIGN AID ON DEVELOPMENT IN SUB-SAHARAN AFRICA
Title
DOES FOREIGN AID PROMOTE DEVELOPMENT? A STUDY OF THE EFFECTS OF FOREIGN AID ON DEVELOPMENT IN SUB-SAHARAN AFRICA.
Creator
Gray, Rachael, Kinsey, Barbara, University of Central Florida
Abstract / Description
Foreign aid aims to improve economic conditions and quality of life in developing countries. The literature on the efficacy of foreign aid to date has been inconclusive; yet there is some evidence that institutional factors may condition the relationship between aid and development. This research focuses on the effects of foreign aid on development, taking into consideration the effects of political institutional factors as intervening in the connection between aid and development....
Show moreForeign aid aims to improve economic conditions and quality of life in developing countries. The literature on the efficacy of foreign aid to date has been inconclusive; yet there is some evidence that institutional factors may condition the relationship between aid and development. This research focuses on the effects of foreign aid on development, taking into consideration the effects of political institutional factors as intervening in the connection between aid and development. Specifically, this study considers the effects of democracy (political rights and civil liberties) and level of corruption on the relationship between aid and development in sub-Saharan Africa. Development is determined by the Human Development Index, which takes into account gross national income, life expectancy, and education level. My findings indicate that aid is ineffective at promoting development in sub-Saharan Africa. Additionally, it is found that democracy, as determined by level of political freedom, is positively associated to development in aid recipient countries. HIV prevalence rate, the location of the country relative to the coastline, and percent of arable land were found to be significant factors affecting development. The level of corruption and political stability do not have a significant effect on development. The study is conducted using a cross-national, longitudinal, statistical model. The impact of foreign aid on development is examined for 45 countries over a fourteen-year period, from 1995 to 2009. The results of the study show that foreign aid has a negative effect on development, yet development is affected by level of democracy, geographical location, percent of arable land, and HIV prevalence rate. Development is higher in countries located on the coastline, with a higher percentage of arable land, a higher level of democracy, and a higher rate of HIV.
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Date Issued
2011
Identifier
CFE0003705, ucf:48804
Format
Document (PDF)
PURL
http://purl.flvc.org/ucf/fd/CFE0003705
THE IMPACT OF OIL PRICE SURGES ON ECONOMIC GROWTH
Title
THE IMPACT OF OIL PRICE SURGES ON ECONOMIC GROWTH.
Creator
Restrepo, Valeria, Hofler, Richard, University of Central Florida
Abstract / Description
The objective of this research concerns identifying whether or not there is a relationship between oil price increases in a given quarter and the likelihood of a recession in the subsequent quarter. The data used is gathered from the St. Louis Fed Fred II, the National Bureau of Economic Research, and the Energy Information Administration to generate modified variables. These variables are tested using a qualitative dependent variable, recession, in a binary choice model. The findings...
Show moreThe objective of this research concerns identifying whether or not there is a relationship between oil price increases in a given quarter and the likelihood of a recession in the subsequent quarter. The data used is gathered from the St. Louis Fed Fred II, the National Bureau of Economic Research, and the Energy Information Administration to generate modified variables. These variables are tested using a qualitative dependent variable, recession, in a binary choice model. The findings validated the assumption that oil prices do have a correlation with recessions, and that the relationship is a direct one. Based on the model, an increase in the price of oil will positively affect the likelihood of a "recession" outcome versus the alternative, "no recession". It is anticipated that the results will inspire future research into the causes and effects of oil price surges, as well as the determinants of economic contractions in the future based on policy decisions and economic decision-making practices in the present.
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Date Issued
2011
Identifier
CFH0004088, ucf:44804
Format
Document (PDF)
PURL
http://purl.flvc.org/ucf/fd/CFH0004088
The African Puzzle: A Study of Democratic Backsliding in Sub Saharan Africa
Title
The African Puzzle: A Study of Democratic Backsliding in Sub Saharan Africa.
Creator
Rice, Ailbhe, Powell, Jonathan, Boutton, Andrew, Bledsoe, Robert, University of Central Florida
Abstract / Description
The following study examines the future of democratization and the apparent trend towards autocratization within the context of democratic backsliding in Sub-Saharan Africa. Initially, the findings indicate that regionally, backsliding is not acting fundamentally different in Sub-Saharan Africa when compared to other regions. The analysis finds that regime duration and civil conflict are both significant when it comes to the study of democratic backsliding. The variable for the prior military...
Show moreThe following study examines the future of democratization and the apparent trend towards autocratization within the context of democratic backsliding in Sub-Saharan Africa. Initially, the findings indicate that regionally, backsliding is not acting fundamentally different in Sub-Saharan Africa when compared to other regions. The analysis finds that regime duration and civil conflict are both significant when it comes to the study of democratic backsliding. The variable for the prior military regime's is extremely significant in all of the models and is, therefore, a strong indicator of backsliding in Africa. The chief takeaway from the study is in the variable for economic growth and finds that as economic growth increases the likelihood of backsliding decreases. This variable is negative and significant for all of the models, but if Africa is taken out of the analysis the trend ultimately disappears, which indicates that Africa is potentially driving this trend of economic growth and backsliding.
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Date Issued
2018
Identifier
CFE0007360, ucf:52080
Format
Document (PDF)
PURL
http://purl.flvc.org/ucf/fd/CFE0007360