Vector Autoregressive Analysis of the Validity of the Two-gap Model for Nine Large Recipients of Japan's ODA

Michiko Yamashita and Anil Kumar Khachi

ESRI Discussion paper series from Economic and Social Research Institute (ESRI)

Abstract: The purpose of this paper is to identify empirically the factors that have promoted or restrained the economic growth in developing countries, based on the well-known growth model called the two-gap model. The authors apply vector autoregressive (VAR) analysis to nine developing countries, to which Japan has liberally provided ODA over the past 30 years. The results of the empirical tests, however, do not give a straightforward answer to the effectiveness of the two-gap model. It reveals instead that the growth-promoting (restraining) factors vary across the countries, implying that each country requires its own development strategies. Chapter 1 of this paper briefly reviews the historical path of Japan's ODA policies. Chapter 2 describes the theoretical framework and the empirical methodologies employed in the analysis. Chapter 3 presents the results of the empirical tests, and concludes its implications.

Pages: 45 pages
Date: 2003-06
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.esri.go.jp/jp/archive/e_dis/e_dis043/e_dis043a.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 500 Can't connect to www.esri.go.jp:80 (No such host is known. )

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:esj:esridp:043

Access Statistics for this paper

More papers in ESRI Discussion paper series from Economic and Social Research Institute (ESRI) Contact information at EDIRC.
Bibliographic data for series maintained by HORI nobuko ( this e-mail address is bad, please contact ).