Foreign aid and economic growth: New evidence from a panel data approach for five South Asian countries

Foreign aid and long-run economic growth

Foreign aid and long-run economic growth: empirical evidence for a panel of developing countries

✍ Georgios Karras 📂 Article 📅 2005 🏛 John Wiley and Sons 🌐 English ⚖ 122 KB 👁 1 views

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