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The Impact of FDI and Foreign Aid on the Economic Growth: Empirical Evidence from Sub-Saharan African Countries Afolabi Tunde Ahmed & Imran Ur Rahman

The Impact of FDI and Foreign Aid on the Economic Growth: Empirical Evidence from Sub-Saharan African Countries

Author (s)

Afolabi Tunde Ahmed & Imran Ur Rahman

Abstract

Many are the presumptions of the effect of Foreign aid on growth on one side and the effect of Foreign Direct investment (FDI) on the other side. Our research empirically examines the impact of FDI and Foreign Aid on economic growth of Sub-Saharan African countries. To do so, we answer three questions: What drives the economic growth in Sub-Saharan Africa? What are the impacts of FDI and Foreign Aid on economic growth? and which relationship does exist in one part between FDI and economic growth and the other part between Foreign Aid and economic growth? To tackle our objectives we formulated four hypotheses with Gravity model and Two Stages Generalized Method of Moment analysis. Our findings lead us to conclude: Firstly, three fundamental factors responsible for the economic growth: the country fundamentals (the population, the capital formation), the governance implication (governance effectiveness, Regulatory Quality), and the macro stabilities (Foreign Direct Investment, Foreign Aid, Trade) are responsible and the key factors for the growth in SSA. Secondly, FDI and Aid have a positive and highly significant effect on the GDP. Thirdly, FDI and Aid have short run relationship with the economic growth. And fourthly, our result fall in line with others which have found that domestic factors are vital in promoting the growth effects of FDI. Nevertheless, the findings of this study diverge from others in the literature studies. Even though other researches in the literature works hypothesize that FDI has no absolute positive effect on growth, this study finds that FDI plays a direct role in promoting growth.

Keywords: FDI, Foreign Aid, Economic Growth, Sub-Saharan Africa, Governance Effectiveness, Regulatory Quality.

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Title: The Impact of FDI and Foreign Aid on the Economic Growth: Empirical Evidence from Sub-Saharan African Countries
Author:

Afolabi Tunde Ahmed & Imran Ur Rahman

Journal Name: International Journal of Science and Business
Website: ijsab.com
ISSN: ISSN 2520-4750 (Online), ISSN 2521-3040 (Print)
DOI: https://doi.org/10.5281/zenodo.3870562
Media: Online
Volume: 4
Issue: 6
Acceptance Date: 17/05/2020
Date of Publication: 31/05/2020
PDF URL: https://ijsab.com/wp-content/uploads/554.pdf
Free download: Available
Page: 53-70
First Page: 53
Last Page: 70
Paper Type: Research Paper
Current Status: Published

Cite This Article:

Afolabi Tunde Ahmed & Imran Ur Rahman (2020). The Impact of FDI and Foreign Aid on the Economic Growth: Empirical Evidence from Sub-Saharan African Countries. International Journal of Science and Business, 4(6), 53-70. doi: https://doi.org/10.5281/zenodo.3870562

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About Author (s)

Tunde Ahmed Afolabi, Ph.D. School of International Trade and Economics, University of International Business and Economics (UIBE), Beijing, China, sirdanielastro12@yahoo.com

Imran Ur Rahman, (Corresponding Author) Associate Professor, Ph.D., Center for Trans-Himalaya Studies, Leshan Normal University, Sichuan China, 2388018157@qq.com

 

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DOI: https://doi.org/10.5281/zenodo.3870562

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Competitiveness of Bangladeshi Ready Made Garments Industry in global Market Md Kamal Hossain

  Competitiveness of Bangladeshi Ready Made Garments Industry in global Market

Author (s)

Md Kamal Hossain

Abstract

Core objective of this paper is to prepare a model on competitiveness for garments sector of Bangladesh by using the theory of Porters domestic competitive advantage. This study also shows how this industry can sustain as a part of a global competitive marketplace by using various internal elements of competitive advantage. Depending on the significant research characteristics qualitative method has been used as a research method for this study. 22 personnel were interviewed who were closely related with this industry over cell phone to collect large part of secondary data.  This paper will provide necessary evidence on how internal elements can be helpful for apparel sector becomes more competitive towards global garments trade. This paper also will help the management to find more other important factors that can help this sector to remain competitive at global trade. Moreover it also can help responsible government body by realizing all problems or possibilities exists in this industry and practice appropriate approach in the development of the garments industry of Bangladesh.

Keywords: Bangladesh, competitiveness, readymade garments, Michael Porter’s model, internal competitive advantage.

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Title: Competitiveness of Bangladeshi Ready Made Garments Industry in global Market
Author:

Md Kamal Hossain

Journal Name: International Journal of Science and Business
Website: ijsab.com
ISSN: ISSN 2520-4750 (Online), ISSN 2521-3040 (Print)
DOI: https://doi.org/10.5281/zenodo.3865899
Media: Online
Volume: 4
Issue: 6
Acceptance Date: 20/05/2020
Date of Publication: 30/05/2020
PDF URL: https://ijsab.com/wp-content/uploads/551.pdf
Free download: Available
Page: 1-18
First Page: 1
Last Page: 18
Paper Type: Research Paper
Current Status: Published

Cite This Article:

Md Kamal Hossain (2020). Competitiveness of Bangladeshi Ready Made Garments Industry in global Market. International Journal of Science and Business, 4(6), 1-18. doi: https://doi.org/10.5281/zenodo.3865899

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About Author (s)

Md Kamal Hossain, Masters of Economics, University of International Business and Economics (UIBE), China.

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DOI: https://doi.org/10.5281/zenodo.3865899

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Study on Heat Wave and its Thermodynamic features over Bangladesh using Numerical Weather Prediction Model (NWPM) Kaniz Fatema Lubna, Muhammad Abul Kalam Mallik, Md. Sajadul Alam, Abdun Naqib Jimmy, Tanjila Islam, Imtiaz Ahmad, Kaniz Fatema & Nazmul Ahsan Khan

  Study on Heat Wave and its Thermodynamic features over Bangladesh using Numerical Weather Prediction Model (NWPM)

Author (s)

Kaniz Fatema Lubna, Muhammad Abul Kalam Mallik, Md. Sajadul Alam, Abdun Naqib Jimmy, Tanjila Islam, Imtiaz Ahmad, Kaniz Fatema & Nazmul Ahsan Khan

Abstract

In this study, an attempt has been made to simulate the Heat Wave conditions in temperature range of ≥ 36ºC and its associated thermodynamic features over Bangladesh from 19 may to 25 May, 2017, using Advanced Research and Forecasting Model (WRF-ARW) – version 4.0. The WRF model was run for 6 days on a single domain of 10 km. horizontal resolution, using 6 hourly GFS datasets from 0000 UTC of each starting day of the required events as initial and lateral boundary conditions. For simulation, Kessler Scheme (KF) for microphysics, Yonsei University Scheme (YUS) for Planetary Boundary Layer (PBL) parametrization, Rapid Radiative Transfer Model (RRTM) for long wave radiation, and Dudhia Scheme (DS) for short wave radiation and Kain- Fritsch (KF) scheme for cumulus parametrization were used. The models have been analyzed numerically using several meteorological parameters such as Mean Sea Level Pressure, Relative Humidity, Temperature, Wind Pattern, Rainfall and Latent Heat, and the output is visualized by Grid Analysis and Display System (GrADS) and surfer. To validate the model performance, model-simulated values of Relative Humidity, Temperature (maximum) and Mean Sea Level Pressure were compared with observed data (Bangladesh Meteorological Department). From the analysis it is clear that the performance of the model is reasonably well to the observations, so that for the up-coming events for extreme temperature conditions the model can be used for the prediction which will bring social and economic benefits.

Keywords: Latent Heat, Relative Humidity, Temperature, Mean Sea Level, Simulation.

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Title: Study on Heat Wave and its Thermodynamic features over Bangladesh using Numerical Weather Prediction Model (NWPM)
Author:

Kaniz Fatema Lubna, Muhammad Abul Kalam Mallik, Md. Sajadul Alam, Abdun Naqib Jimmy, Tanjila Islam, Imtiaz Ahmad, Kaniz Fatema & Nazmul Ahsan Khan

Journal Name: International Journal of Science and Business
Website: ijsab.com
ISSN: ISSN 2520-4750 (Online), ISSN 2521-3040 (Print)
DOI: https://doi.org/10.5281/zenodo.3839997
Media: Online
Volume: 4
Issue: 6
Acceptance Date: 17/05/2020
Date of Publication: 22/05/2020
PDF URL: https://ijsab.com/wp-content/uploads/553.pdf
Free download: Available
Page: 44-52
First Page: 44
Last Page: 52
Paper Type: Research Paper
Current Status: Published

Cite This Article:

Kaniz Fatema Lubna, Muhammad Abul Kalam Mallik, Md. Sajadul Alam, Abdun Naqib Jimmy, Tanjila Islam, Imtiaz Ahmad, Kaniz Fatema & Nazmul Ahsan Khan (2020). Study on Heat Wave and its Thermodynamic features over Bangladesh using Numerical Weather Prediction Model (NWPM). International Journal of Science and Business, 4(6), 44-52. doi: https://doi.org/10.5281/zenodo.3839997

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About Author (s)

Kaniz Fatema Lubna, Alumni, Environmental Science and Management, North South University,        Dhaka, Bangladesh.

Muhammad Abul Kalam Mallik, Meteorologist, Storm Warming Center, Bangladesh Meteorological Department, Bangladesh

Md. Sajadul Alam, (Corresponding Author) GIS Analyst, Environmental Science and Management,     North South University, Dhaka, Bangladesh.

Abdun Naqib Jimmy, Alumni, Environmental Science and Management, North South University,        Dhaka, Bangladesh.

Tanjila Islam, Senior   Officer-MEAL, Climate Change Adaptation, Save the Children in Bangladesh

Imtiaz Ahmad, Benefit Monitoring & Evaluation Specialist, Food and Agriculture Organization of      the United Nations, Dhaka, Bangladesh.

Kaniz Fatema, Senior Programme Associate, Vulnerability Analysis and Mapping (VAM) Unit, United Nation’s World Food Programme, Dhaka, Bangladesh.

Nazmul Ahsan Khan, Professor and Proctor, Environmental Science and Management, North South   University, Dhaka Bangladesh.

 

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DOI: https://doi.org/10.5281/zenodo.3839997

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Determinants of Microfinance Sustainability and Outreach to the Poor: Evidence from Microfinance Institutions in Sub-Saharan Africa Alier Maker Ghai Duk

  Determinants of Microfinance Sustainability and Outreach to the Poor: Evidence from Microfinance Institutions in Sub-Saharan Africa

Author (s)

Alier Maker Ghai Duk

Abstract

Poverty eradication is a continuous global incident, however the global severity have never been the same, on that specific note, developing countries such as Sub Saharan Africa countries (SSAC) with wide scale poverty prevalence have employed various poverty reduction institutions such as microfinance institutions as appropriate mechanisms to remove many poor people from poverty trap. A sample of 200 microfinance institutions from 30 Sub Saharan African countries was taken for research investigation with three-stage least square (3SLS) method adopted as appropriate model for investigation, the fondness is owing to the fact that the 3SLS is an amalgamation of the 2SLS and seemingly unrelated regressions (SUR) which produces more efficient results. From our result, as evidence suggest, there is enormous disagreement between sustainability and outreach of MFIs mission as regression results interestingly demonstrates trade-off between sustainability indicators and outreach indicators among MFIs in Sub Saharan Africa. Furthermore, from regression outcome, we found no complementary relationship between sustainability and outreach,  additionally as evidence further suggest, we see that, the degree of different of coefficient on influence of sustainability on outreach is slightly bigger compare to degree of influence of outreach on sustainability, from that view, we deduced that concentrating on sustainability in Sub Saharan Africa is tremendously dangerous to the social goal of microfinance institutions, this therefore concurred with the mission drift emphasized in most literatures. We have also been able to identify major institutional determinants of sustainability and outreach as yield, loan portfolio, operating expense and not-for-profit, the results are particularly important to policy makers and institutional managers in deciding matters of outreach and sustainability. furthermore, by Looking at the possibility on whether MF can lead to poverty alleviation, we found no substantial evidence in support of the fact that microfinance institutions can be final panacea for poverty alleviation in Sub Saharan Africa.

Keywords: Determinants, Sustainability, Outreach, Microfinance, Sub Saharan Africa.

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Title: Determinants of Microfinance Sustainability and Outreach to the Poor: Evidence from Microfinance Institutions in Sub-Saharan Africa
Author:

Alier Maker Ghai Duk

Journal Name: International Journal of Science and Business
Website: ijsab.com
ISSN: ISSN 2520-4750 (Online), ISSN 2521-3040 (Print)
DOI: https://doi.org/10.5281/zenodo.3839937
Media: Online
Volume: 4
Issue: 6
Acceptance Date: 20/05/2020
Date of Publication: 22/05/2020
PDF URL: https://ijsab.com/wp-content/uploads/552.pdf
Free download: Available
Page: 21-43
First Page: 21
Last Page: 43
Paper Type: Research Paper
Current Status: Published

Cite This Article:

Alier Maker Ghai Duk (2020). Determinants of Microfinance Sustainability and Outreach to the Poor: Evidence from Microfinance Institutions in Sub-Saharan Africa. International Journal of Science and Business, 4(6), 21-43. doi: https://doi.org/10.5281/zenodo.3839937

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About Author (s)

Alier Maker Ghai Duk, School of International Trade and Economics, University of International Business and Economics (UIBE), China.

 

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DOI: https://doi.org/10.5281/zenodo.3839937