Impact of foreign aid and remittances on economic growth in Sub-Saharan Africa

The aim of the bachelor thesis is to determine what impact of foreign aid on economic growth in Sub-Saharan countries is. For this purpose the foreign aid is decomposed into several groups and at the same time the difference between commitment and disbursement is taken into account. For estimation of the model the study uses the method of five and three-years moving averages as well as the method of Generalized Linear Models. According to the results there is observable a positive influence on GDP per capita in case of foreign aid for education and in case of foreign aid for private business. On the contrary, foreign aid for agriculture, foreign aid for infrastructure and debt aid have negative impact on economic growth. In case of explanatory variables as remittances and fiscal foreign aid there is no proof of their significance in the model