Is there a long-run relationship between ODA and GDP? The case of India

P. J. Dawson and Richard Tiffin ()

Applied Economics Letters, 1999, vol. 6, issue 5, 275-277

Abstract: The existence of a long-run relationship between ODA and per capita GDP in India is examined, using annual data for 1961-92. A necessary condition for such a relationship is that the two series are integrated of the same order. Unit root tests indicate that ODA is I (0) while GDP is I (1), hence no long-run relationship exists. Thus, at the macroeconomic level, aid neither stimulates economic development nor detracts from it. A corollary is that aid is not responsive to changes in India's income.

Date: 1999
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DOI: 10.1080/135048599353212

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