Aid and growth: A study of South East Asia

Impact of Foreign Aid and Foreign Direct Investment on Economic Growth: Evidence from Sub-Saharan African Countries

“…Specifically, the results support the findings of recent studies such as Liew et al (2012), Neanidis andVarvarigos (2009), Mallik (2008), Burke et al (2006), and Rajan and Sumbramanian (2005). Liew et al (2012) investigated the growth impact of aid on five East African countries (Burundi, Kenya, Tanzania, Rwanda, and Uganda) over the period of 1985 to 2010 using panel data methods namely POLS, fixed effect and random effect methods.…”

Aid-Growth Nexus in South Asia: Evidence from Time Series and Panel Cointegration

“…Within the two-gap model this observation (that the growth effect of aid does not come through the savings channel) is not surprising. Hansen and Tarp (2000, pp: 385) went on arguing: ISSN 1948-5433 2011 Other studies that are not covered by Hansen and Tarp (2000) but show a positive aid-growth relationship include Mbaku (1993), Giles (1994), Vasudeva et al (1994), Gounder (2001), Irandoust and Ericsson (2005) and Burke and Ahmadi-Esfahani (2006). Several factors such as data limitation problem and mis-specified model pose a limit on the usefulness of most of these studies.…”

Correlates of economic growth in developing countries: a panel cointegration approach

“…The level of real exports is included to capture the effects of export promotion on a developing country's real GDP (Yao 2006;Sarkar 2008) and also measures the degree of integration of a country in the world economy. Foreign aid is another external factor that has also shown to have some effect on economic growth as long as it does not displace domestic savings and investment (Doucouliagos and Paldam 2008;Asteriou 2009;Burke and Ahmadi-Esfahani 2006). Prior research has also shown that the macroeconomic conditions of a country, such as real government spending and prices, influence a country's economic development (Bredin, Elder and Fountas 2009).…”