Abstract
This study investigates the relationship between aid and economic growth and analyses factors that might have influenced this relationship in two major aid recipients regions, Sub-Saharan Africa and Asia that started from similar levels of real GDP per capita but had different patterns of development. The results from applying generalised method of moments procedures to a sample of 44 Sub-Saharan African countries and to a sample of 31 Asian countries from 1972 to 2007 indicate a negative relationship between aid and growth in both regions. Mixed results were found for the influence of policy variables, institutional quality and financial development.
| Originalsprog | Engelsk |
|---|---|
| Tidsskrift | Applied Econometrics and International Development |
| Vol/bind | 13 |
| Udgave nummer | 1 |
| ISSN | 1578-4487 |
| Status | Udgivet - 2013 |
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