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Foreign aid and economic growth: New evidence from a panel data approach for five South Asian countries

Dimitrios Asteriou ()

Journal of Policy Modeling, 2009, vol. 31, issue 1, 155-161

Abstract: This paper investigates the long-run relationship between foreign aid and economic growth using a panel data set comprising of five South Asian economies. Using the recently developed panel unit root tests, mean group and pooled mean group estimation techniques on cross-country panel data, the paper finds support of the theoretical hypothesis of a positive relationship between aid and GDP growth.

Keywords: Foreign; aid; Economic; growth; Panel; data; econometrics (search for similar items in EconPapers)
Date: 2009
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