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Title: China in Africa: A Study of the Effects of Chinese Loans on Economic Growth in a Few African States
Abstract: This study aimed to determine how China’s infrastructure investments would affect specific African countries’ economic development. Numerous comparative studies have demonstrated the beneficial part that infrastructure loans play in fostering economic expansion. However, there are differing opinions about how China’s infrastructure projects will affect growth and development in Africa. According to a review of the literature, the key question regarding Chinese loans for infrastructure is whether the projects will benefit or harm Africa. The question of whether (or not) Africa benefits from its economic ties with China is still up for debate. We used panel data in this quantitative study to accomplish our goals. The study used annual panel data for 15 countries in Africa from 2000 to 2017. For estimation, the Mean Group, Fully Modified Ordinary Least Squares, Pooled Mean Group, and Dynamic Ordinary Least Squares panel techniques were employed. The main finding of the quantitative study of Chinese loans for infrastructure in Africa is that China’s investments in infrastructure development are resulting in economic expansion. This study provides evidence that, given the positive correlation between loans and economic growth, China’s engagement in Africa could be advantageous.
Keywords: China-Africa relations; infrastructure development; loans; debt; debt overhang; debt trap diplomacy
Paper Quality: SCOPUS / Web of Science Level Research Paper
Subject: Economics
Writer Experience: 20+ Years
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