아프리카 ODA·FDI·수출의 경제적 효과분석

An Analysis on the Economic Growth of Africa’s ODA·FDI·Exports

This paper examined what determinants boost Africa's economic growth through an empirical analysis by using the panel data of 28 African countries from World Bank for the period 1996~2013. Empirical results showed that export has a positive impact on Africa's economic growth. Foreign Direct Investment, however, did not have a significant impact on Africa's economic growth. Because it is natural resources investments rather than green filed investments. ODA could play a major role in spurring African economic growth. Based on the results of these empirical analysis, developed countries (such as France, Germany, England, America etc.) should try to expand the channels for African countries to export their products to markets of developed countries by making their market more accessible and providing a lot of preferential tariffs to developing countries to promote their economic growth. Moreover, developed countries should also increase their ODA amount so that they can reach their target of 0.7% of GDP.