External financial resources and Economic growth nexus in Egypt
M. Salman Abdou, D., Yasser, M. (2023). External financial resources and Economic growth nexus in Egypt. EKB Journal Management System, 53(2), 13-30. doi: 10.21608/jsec.2023.305221
Doaa M. Salman Abdou; Mai Yasser. "External financial resources and Economic growth nexus in Egypt". EKB Journal Management System, 53, 2, 2023, 13-30. doi: 10.21608/jsec.2023.305221
M. Salman Abdou, D., Yasser, M. (2023). 'External financial resources and Economic growth nexus in Egypt', EKB Journal Management System, 53(2), pp. 13-30. doi: 10.21608/jsec.2023.305221
M. Salman Abdou, D., Yasser, M. External financial resources and Economic growth nexus in Egypt. EKB Journal Management System, 2023; 53(2): 13-30. doi: 10.21608/jsec.2023.305221

External financial resources and Economic growth nexus in Egypt

المجلة العلمية للإقتصاد و التجارة
Volume 53, Issue 2, July 2023, Page 13-30  XML PDF (386.84 K)
Document Type: المقالة الأصلية
DOI: 10.21608/jsec.2023.305221
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Authors
Doaa M. Salman Abdouorcid 1; Mai Yasserorcid 2
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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