Chansomphou, Vatthanamixay; Ichihashi, Masaru - Graduate School for International Development and … - 2011
This paper investigates the impact of foreign aid and foreign direct investment on the long-run income per capita and short-run income growth of Lao PDR. We formulate a modification of Solow model; then we employ a cointegration technique to carry out the long-run relationship, and employ an...