Private Philanthropic Cross-Border Flows and Sustainable Development in Africa

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/10.47019/2021.RA1

Document Number: RA1

Year: 2021

Publication date: 03 August 2021

Series: Research Articles

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.

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Ahwireng-Obeng, A., S. and Ahwireng-Obeng, F., 2021. Institutional philanthropy and popular organising in Africa: some initial reflections from social movement activists. (Article No. RA1) Centre on African Philanthropy and Social Investment. http://dx.doi.org/10.47019/2021.RA1
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mott foundation

The Charles mott foundation

An automotive pioneer, philanthropist, and leader in the community, Charles Stewart Mott cared about innovation, fairness, and communities. By working toward a world where each individual’s quality of life is connected to the well-being of the community, both locally and globally, the Charles Stewart Mott Foundation continues this legacy.

A founding funder of the Centre, the Charles Stewart Mott Foundation supported the establishment of the Chair and continues to support our programmes.

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