Does foreign aid really raise per capita income?: a time series perspective
We analyze the relationship between per capita income and foreign aid. We employ annual data and five-year averages and carefully examine the time-series properties of the data. Panel estimations with dynamic feasible generalized least-squares (DFGLS) show that aid generally has an insignificant or...
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| Hauptverfasser: | , |
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| Weitere Verfasser: | , , |
| Dokumenttyp: | Article (Journal) |
| Sprache: | Englisch |
| Veröffentlicht: |
22 February 2012
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| In: |
The Canadian journal of economics
Year: 2012, Jahrgang: 45, Heft: 1, Pages: 288-313 |
| ISSN: | 1540-5982 |
| DOI: | 10.1111/j.1540-5982.2011.01696.x |
| Online-Zugang: | Verlag, Volltext: http://dx.doi.org/10.1111/j.1540-5982.2011.01696.x Verlag, Volltext: https://onlinelibrary.wiley.com/doi/abs/10.1111/j.1540-5982.2011.01696.x 
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| Verfasserangaben: | Nowak‐Lehmann Felicitas, Dreher Axel, Herzer Dierk, Klasen Stephan, Martínez‐Zarzoso Inmaculada |
| Zusammenfassung: | We analyze the relationship between per capita income and foreign aid. We employ annual data and five-year averages and carefully examine the time-series properties of the data. Panel estimations with dynamic feasible generalized least-squares (DFGLS) show that aid generally has an insignificant or minute negative significant impact on per capita income (particularly in highly aid-dependent countries). This holds true for countries with different levels of human development and income, as well as for different regions. We also find that aid has a small positive impact on investment, but a significant negative impact on domestic savings (crowding out) and the real exchange rate (appreciation). |
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| Beschreibung: | Gesehen am 19.04.2018 |
| Beschreibung: | Online Resource |
| ISSN: | 1540-5982 |
| DOI: | 10.1111/j.1540-5982.2011.01696.x |