Another look at the evidence on foreign aid led economic growth
Authors registered in the RePEc Author Service: Judith Anne Clarke ()
Applied Economics Letters, 1994, vol. 1, issue 11, 194-199
We apply recent time series techniques to Mbaku's Cameroon data to investigate the effects of foreign aid on economic growth. In contrast to Mbaku, we find some evidence to support the foreign aid led growth hypotheses in Cameroon. Our results illustrate the importance of testing hypotheses in an appropriate time series framework and the difficulties of time-series modelling with an insufficient span of data.
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