EconPapers    
Economics at your fingertips  
 

Foreign Aid, FDI and Economic Growth in East European Countries

Kamal Upadhyaya (), Gyan Pradhan (), Dharmendra Dhakal () and Rabindra Bhandari ()
Additional contact information
Gyan Pradhan: Westminster College
Dharmendra Dhakal: Tennessee State University
Rabindra Bhandari: University of Western Ontario

Economics Bulletin, 2007, vol. 6, issue 13, 1-9

Abstract: This paper examines the effectiveness of foreign aid and foreign direct investment in the Czech Republic, Estonia, Hungary, Latvia, Lithuania and Poland. The model includes the labor force, capital stock, foreign aid and foreign direct investment, and is estimated using pooled annual time series data from 1993 to 2002. Before carrying out the estimation, the time series properties of the data are diagnosed and an error-correction model is developed and estimated using a fixed-effects estimator. The results indicate that an increase in the stock of domestic capital and inflow of foreign direct investment are significant factors that positively affect economic growth in these countries. Foreign aid did not seem to have any significant effect on real GDP.

JEL-codes: F2 C2 (search for similar items in EconPapers)
Date: 2007-04-08
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (14) Track citations by RSS feed

Downloads: (external link)
http://www.accessecon.com/pubs/EB/2007/Volume6/EB-07F20001A.pdf (application/pdf)

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:ebl:ecbull:eb-07f20001

Access Statistics for this article

More articles in Economics Bulletin from AccessEcon
Bibliographic data for series maintained by John P. Conley ().

 
Page updated 2019-12-27
Handle: RePEc:ebl:ecbull:eb-07f20001