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Foreign Aid and Economic Growth: New Evidence from Panel Cointegration

Manuchehr Irandoust|Abdulnasser Hatemi-J
경제연구소 (Hanyang Economic Research Institute)|2005.06|Journal of Economic Development|제30권 제1호|pp. 71-80

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참고문헌

주제분류경제학

초록

Abstract

The relationship between foreign aid and economic growth is investigated for a panel of developing countries (Botswana, Ethiopia, India, Kenya, Sri-Lanka, and Tanzania) over the period 1974-1996. The results reveal that the variables contain a panel unit root and they cointegrate in a panel perspective. The long-run elasticities (close to one for most countries) show that foreign aid has a positive and significant effect on economic activity for each country in the sample. A policy implication which may be drawn from the study is that foreign capital flows can have a favorable effect on real income by supplementing domestic savings.

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관련 논문AI추천

Evaluating the Empact of Foreign Aid on Economic Growth: A Cross-Country StudySandrina Berthault Moreira경제연구소 · Journal of Economic Development2005 · 제30권 제2호Does Foreign Aid Affect the Environment in Developing Economies?B.Mak Arvin, Byron Lew, Parviz Dabir-Alai경제연구소 · Journal of Economic Development2006 · 제31권 제1호Is Long-run Output Convergence Associated ith International Cooperation? : Some New Evidence for Selectied African Countriesmark J. Holmes경제연구소 · Journal of Economic Development2005 · 제30권 제2호Saving and Growth: Granger Causality Analysis with BootstrappingOn Panels of CountriesLaszlo Konya경제연구소 · Journal of Economic Research (JER)2005 · 제10권 제2호FOREIGN AID AND DEVELOPMENT: LOOKING BEYOND THE GROWTH EFFECTMOHAMMADOU NOUROU경제연구소 · Journal of Economic Development2014 · 제39권 제4호AN EXAMINATION OF THE LONG-RUN TRENDSAND RECENT DEVELOPMENTS IN FOREIGN AIDHOWARDWHITE, SIMONFEENY경제연구소 · Journal of Economic Development2003 · 제28권 제1호

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