کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5052998 1371366 2008 10 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Foreign Aid and Economic Growth: A Cointegration Analysis of the Six Poorest African Countries
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Foreign Aid and Economic Growth: A Cointegration Analysis of the Six Poorest African Countries
چکیده انگلیسی

After more than thirty five years of development assistance, the people in the poorest African countries are still living in poverty. Their real per capita income since 1965 has either declined or remained stagnant. The obvious question is: why could these countries not break the poverty trap despite receiving large inflows of foreign aid? This paper examines the effectiveness of foreign aid for economic growth in the six poorest and highly aid dependent African countries, namely the Central African Republic, Malawi, Mali, Niger, Sierra Leone and Togo. Using cointegration analysis, we have found that a long run relationship exists between per-capita real GDP, aid as a percentage of GDP, investment as a percentage of GDP and openness. However, the long run effect of aid on growth was found to be negative for most of these countries.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Economic Analysis and Policy - Volume 38, Issue 2, September 2008, Pages 251-260
نویسندگان
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