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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)...
Persistent link: https://www.econbiz.de/10011960117
, imports, and per capita GDP growth to a global aid shock (the common component of individual country aid-to-GDP ratios). We … find that the estimated cumulative resposive of exports and per capita GDP growth to a global aid shock are strongly … exchange rates, exports and per capita GDP growth respond positively to a global aid shock. This evidence suggests that …
Persistent link: https://www.econbiz.de/10010247921
Persistent link: https://www.econbiz.de/10003315521
exchange rate literature, which largely finds the effects of exchange rate volatility on real activity to be relatively small …
Persistent link: https://www.econbiz.de/10014060803
growth and shocks volatility in a model with procyclical R&D and imperfect competition in goods and labor markets. We show …
Persistent link: https://www.econbiz.de/10013120110
Political proximity between donor and recipient governments may impair the effectiveness of aid by encouraging favoritism. By contrast, political misalignment between donor and recipient governments may render aid less effective by adding to transaction costs and giving rise to incentive...
Persistent link: https://www.econbiz.de/10010128857
This article examines the causal relationship between foreign aid, poverty, and economic growth in 82 developing countries for the period 1981–2013. Taking advantage of the recently developed dynamic panel data estimation techniques, the paper tests for both panel unit roots and cointegration...
Persistent link: https://www.econbiz.de/10012149196
In this study, we investigate the role of development assistance in reducing a hypothetically negative impact of terrorism on economic growth, using a panel of 78 developing nations with data for the period 1984-2008. The empirical evidence is based on interactive Quantile regressions. Domestic,...
Persistent link: https://www.econbiz.de/10011998255
Foreign aid is an important means of finance for governments of developing countries. The current study investigates whether too much inflow of aid to developing countries is beneficial or harmful to their economy and whether institutional quality and economic freedom matters in aid–growth...
Persistent link: https://www.econbiz.de/10013460262
Foreign direct investment (FDI) as a driver of growth is important in today´s globalized economy. It is extremely difficult for economies to grow sustainably without economic interactions outside their borders. However, there has been a debate on the impact of FDI inflow on economic expansion....
Persistent link: https://www.econbiz.de/10012388218