Nexus between foreign assistance and economic growth in Tanzania
Abstract
The ability of a country to grow economically sustainably depends on its ability to borrow since borrowing is an essential component of resource creation and the foundation of resource generation strategy, particularly in emerging nations. Evaluating the relationship between Tanzania’s economic progress on foreign aid, it was the main goal of the study. Secondary data and a quantitative time series data regression research methodology were used in the study. The fiscal years 1970–2020 were covered by the 51 data observations. The findings indicated that while there is a statistically significant positive relationship between foreign aid and economic growth.
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