Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/227964 
Year of Publication: 
2019
Series/Report no.: 
AGDI Working Paper No. WP/19/086
Publisher: 
African Governance and Development Institute (AGDI), Yaoundé
Abstract: 
This paper has put a demand-side empirical structure to the hypothesis that foreign aid volatility adversely affects choices to lifelong learning in recipient countries. Lifelong learning is measured as the combined knowledge acquired during primary, secondary and tertiary educational enrolments. Three types of aggregate foreign aid volatilities are computed in a twofold manner: baseline standard deviations and standard errors (standard deviations of residuals after first-order autoregressive processes). An endogeneity robust system GMM empirical strategy is employed. The findings broadly show that foreign aid volatility does not adversely affect the demand-side choices of lifelong learning in Africa. As a policy implication, when faced with aid uncertainty, the demand for education would increase. This may be explained by the need for more selfreliance in order to mitigate income risks or/and the use of education as means of coping with uncertainty. More policy implications are discussed.
Subjects: 
Lifelong learning
Foreign aid
Development
Africa
JEL: 
I20
I28
F35
O55
P16
Document Type: 
Working Paper

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