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Energy consumption, economic growth and prices: A reassessment using panel VECM for developed and developing countries

โœ Scribed by Renuka Mahadevan; John Asafu-Adjaye


Book ID
108124581
Publisher
Elsevier Science
Year
2007
Tongue
English
Weight
167 KB
Volume
35
Category
Article
ISSN
0301-4215

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This paper investigates the relationship between foreign aid and growth in per capita GDP using annual data from the 1960 to 1997 period for a sample of 71 aid-receiving developing economies. The results show that the effect of foreign aid on economic growth is positive, permanent, statistically sig