کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
965669 | 930830 | 2007 | 26 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Is the relationship between aid and economic growth nonlinear?
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موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
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چکیده انگلیسی
In this paper, we investigate the relationship between foreign aid and growth using recently developed sample splitting methods that allow us to simultaneously uncover evidence for the existence of heterogeneity and nonlinearity. We also address model uncertainty in the context of these methods. We find some evidence that aid may have heterogeneous effects on growth across two growth regimes defined by ethnolinguistic fractionalization. However, when we account for model uncertainty, we find no evidence to suggest that the relationship between aid and growth is nonlinear. In fact, our results suggest that the partial effect of aid on growth is likely to be weakly negative. In this sense, our findings suggest that aid is potentially counterproductive to growth with outcomes not meeting the expectations of donors.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Macroeconomics - Volume 29, Issue 3, September 2007, Pages 515-540
Journal: Journal of Macroeconomics - Volume 29, Issue 3, September 2007, Pages 515-540
نویسندگان
Andros Kourtellos, Chih Ming Tan, Xiaobo Zhang,