Tsaurai, Kunofiwa - In: Comparative economic research : Central and Eastern Europe 21 (2018) 4, pp. 45-61
This paper studied whether the complementarity between financial development and foreign aid promotes economic growth in selected emerging markets using the panel Fully Modified Ordinary Least Squares (FMOLS) approach, with data ranging from 1994 to 2014. Although (1) aid-growth and (2)...