The role of foreign aids and income inequality in poverty reduction: A sustainable development approach for Africa?

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dc.authoridalola, andrew/0000-0001-5355-3707;
dc.contributor.authorAlao, Rasheed O.
dc.contributor.authorAlola, Andrew A.
dc.date.accessioned2024-09-11T19:50:46Z
dc.date.available2024-09-11T19:50:46Z
dc.date.issued2022
dc.departmentİstanbul Gelişim Üniversitesien_US
dc.description.abstractIn the last decades, international interventions mostly through foreign aids have consistently been directed toward sustainable development objectives such as reduction of poverty in African countries. Thus, this study investigates the effect of foreign aids and income inequality in poverty reduction in Africa for 1990-2016. The novelty lies in the investigation of the effectiveness of aid remittances to Africa from the United Nations and Organization for Economic Cooperation and Development (OECD) which has previously been overlooked in extant studies. By using the system Generalized Method of Moments, the study showed that the interaction of inequality with the United Nations Development Programme (UNDP) funds and OECD Official Development Assistance is not statistically significant. Meanwhile, the interventions from the UNDP funds and OECD Official Development Assistance statistically yield significant and expected results of reducing poverty in the poor continent. However, the study surprisingly failed to establish that remittances from the UNDP have significantly mitigated poverty in Africa. Importantly, this study presents a significant policy guide for the governments and the stakeholders and recommends that the donor agencies adopt poverty-reduction, and income distribution-based criteria for the allocation of their resources to reduce poverty in the continent.en_US
dc.identifier.doi10.1007/s40847-022-00191-3
dc.identifier.endpage469en_US
dc.identifier.issn0972-5792
dc.identifier.issn2199-6873
dc.identifier.issue2en_US
dc.identifier.scopus2-s2.0-85148998180en_US
dc.identifier.startpage456en_US
dc.identifier.urihttps://doi.org/10.1007/s40847-022-00191-3
dc.identifier.urihttps://hdl.handle.net/11363/7662
dc.identifier.volume24en_US
dc.identifier.wosWOS:000852119600001en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.language.isoenen_US
dc.publisherSpringer Indiaen_US
dc.relation.ispartofJournal of Social And Economic Developmenten_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.snmz20240903_Gen_US
dc.subjectPovertyen_US
dc.subjectIncome inequalityen_US
dc.subjectForeign aidsen_US
dc.subjectSustainable developmenten_US
dc.subjectSDGsen_US
dc.subjectAfricaen_US
dc.titleThe role of foreign aids and income inequality in poverty reduction: A sustainable development approach for Africa?en_US
dc.typeArticleen_US

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