An Empirical Research on the Impact of China's Financial Aid to Egypt and its Effect on Egyptian Economy
Journal: International Journal of Advanced Engineering Research and Science (Vol.10, No. 10)Publication Date: 2023-10-05
Authors : Mahdy Balqees Ahmed Chang Zhipeng;
Page : 099-107
Keywords : Financial assistance; Economic growth; China’s aid; Egypt; Africa;
Abstract
China's assistance supports Egypt's political independence efforts, Egypt's economic growth, and China's efforts to build a positive international reputation as a major power. This research investigates if China's financial support for Egypt can advance Egypt's economic growth. China's financial assistance to Africa is referred to as financial aid throughout this essay. This work uses the systematic GMM for econometric regression method for the empirical research portion. Study the effects of China's overall financial support for Egypt on GDP first, and then analyze the effects of loan assistance, free aid, and investment help on GDP of Egypt. The findings of the study indicate that China's financial assistance to Egypt has a sizable positive impact on its GDP and industrial added value. Among these, the loan assistance method significantly contributes to the GDP of Egypt with a medium level of economic growth, and the free aid method significantly contributes to the GDP of Egypt with a low level of economic development.
Other Latest Articles
- END
- UTILIZATION OF PROCESS DATA IN CHINA: EXPLORING STUDENTS’ PROBLEM-SOLVING STRATEGIES IN COMPUTER-BASED SCIENCE ASSESSMENT FEATURING INTERACTIVE TASKS
- INFLUENCE OF STEM VALUE PERCEPTION ON STEM CAREER PREFERENCES AMONG AGRICULTURAL AND FORESTRY UNDERGRADUATES
- COGNITION AND ATTITUDE TOWARD SUSTAINABLE DEVELOPMENT BEHAVIOR: COLLEGE STUDENTS’ INFORMAL ONLINE LEARNING AS A MODERATION EFFECT
- GENDER DIFFERENCES IN EXPERIENCES OF 6TH-GRADE STUDENTS INQUIRY ACTIVITIES IN THE REPUBLIC OF KOREA
Last modified: 2023-10-21 13:34:44