Aid And Growth: A Comparative Study Between Sub-Saharan Africa And Asia

I.A.R. Ferreira and Marta Simões ()

Applied Econometrics and International Development, 2013, vol. 13, issue 1, 113-132

Abstract: This study investigates the relationship between aid and economic growth and analyses factors that might have influenced this relationship in two major aid recipients regions, Sub-Saharan Africa and Asia that started from similar levels of real GDP per capita but had different patterns of development. The results from applying generalised method of moments procedures to a sample of 44 Sub-Saharan African countries and to a sample of 31 Asian countries from 1972 to 2007 indicate a negative relationship between aid and growth in both regions. Mixed results were found for the influence of policy variables, institutional quality and financial development.

Keywords: foreign aid; economic growth; Sub-Saharan Africa; Asia; aid effectiveness. (search for similar items in EconPapers)
JEL-codes: F35 O11 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (2)

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