Private Philanthropic Cross-Border Flows and Sustainable Development in Africa

Series: Research Articles

Private Philanthropic Cross-Border Flows and Sustainable Development in Africa

ABSTRACT

The paper examines the simultaneous impact of private philanthropic cross-border funding from international foundations on the economic, social, and environmental dimensions of sustainable development in Africa. The vector error correction model (VECM) was used, and contrary to expectations drawn from past studies, funding from this source improves economic growth, advances human development, and enhances environmental quality. Causality test results also disconfirmed the assumption that interactions among the three dimensions were positive and complementary in the long term. The environment variable was found to be noncomplementary. Based on these unique results, theoretical propositions are made with an underlying mechanism of action. Practical and policy implications, limitations, and directions for future research are discussed.

Keywords: Africa; Managing in emerging and less developed economies; Philanthropy; Private foundations; Theory Development; Sustainable Development.

Document Details

Copyright: CAPSI

Availability: Web-Only

Pages: 17

DOI: http://dx.doi.org/10.18772/26180197.2021.RA1

Document Number: RA1

Year: 2021

Publication date: 03 August 2021

Series: Research Articles

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