Aid And Growth: A Comparative Study Between Sub-Saharan Africa And Asia

TY - JOUR

T1 - Aid And Growth: A Comparative Study Between Sub-Saharan Africa And Asia

AU - Ferreira, Ines

PY - 2013

Y1 - 2013

N2 - 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.

AB - 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.

M3 - Journal article

SN - 1578-4487

VL - 13

JO - Applied Econometrics and International Development

JF - Applied Econometrics and International Development

IS - 1

ER -