Foreign aid and long-run economic growth
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Georgios Karras
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Article
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2005
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John Wiley and Sons
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English
β 122 KB
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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