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Full-Text Articles in Social and Behavioral Sciences
Foreign Capital Inflows And Economic Well-Being: A Statistical Analysis Of 46 Sub-Saharan African Countries From 1995-2015, Alexander M. Csanadi
Foreign Capital Inflows And Economic Well-Being: A Statistical Analysis Of 46 Sub-Saharan African Countries From 1995-2015, Alexander M. Csanadi
Undergraduate Economic Review
Variation in the economic well-being among sub-Saharan African countries is among the highest of any region in the world. This paper attempts to address this disparity by exploring the role of foreign capital inflows. This project extends the concept of well-being beyond GDP growth, to include measures of poverty and inequality. A multivariate regression analysis finds that the observed capital inflows have significant effects on all three measurements of well-being. Findings suggest that the level of affluence of the domestic population has significant effects on the ability of those populations to translate diaspora remittances into improvements in well-being.
Evaluating Ethiopia’S Development Progress, Sambath Jayapregasham, Matthäus Schuster, Ruben Tjon-A-Meeuw
Evaluating Ethiopia’S Development Progress, Sambath Jayapregasham, Matthäus Schuster, Ruben Tjon-A-Meeuw
Undergraduate Economic Review
Ethiopia, Africa’s second most-populated nation is well on its way to becoming one of its wealthiest nations as it charges forward on its path to development. The big question is whether this growth is sustainable. To tackle this question, we will discuss its development strategy using a popular comparison to that of China. We will then offer an appraisal of the current state of the country. Finally, we will evaluate the future of Ethiopia, as it continues its current path – evaluating the potential upsides and risks it faces moving forward.
Making The Grade: The Contribution Of Education Expenditure To Economic Growth, Neil Frank
Making The Grade: The Contribution Of Education Expenditure To Economic Growth, Neil Frank
Undergraduate Economic Review
Does education expenditure promote long-run economic growth? Empirical evidence is inconclusive. This paper addresses the question of how education expenditure influences economic growth using a long run growth accounting model analyzing 179 countries from 1970 to 2014. Overall, the results indicate that education expenditure does positively affect growth. However, when the sample is split into different criteria based on economic prosperity of the countries in question, the results change. In non-oil countries education expenditure increases economic growth, in developing countries education expenditure has a negative impact and in OECD countries the impact is non-significant.