Foreign aid and growth in Egypt: The role of economic policy

Noha Emara, David Plotkin and Alyssa Stein

MPRA Paper from University Library of Munich, Germany

Abstract: The relationship between foreign aid and the economic growth of developing countries is unquestionably an intricate one. While a newcomer to the topic might expect to find an obvious effect of aid on growth, the overwhelming majority of the literature in this field does not conclude its studies with such findings. Some research simply argues that aid has a negative relationship on growth, while some holds the claim that a positive relationship is attainable, yet only with sound economic policies and strong institutions in place on the end of the receiving country. Using an Autoregressive Distributed Lag (ARDL) methodology, the study estimates the effectiveness of aid in Egypt over the period from 1960 to 2010. Different components of the existing material on the various and complex aid-policy growth relationships will be brought together and broken down. The study will use these findings to suggest an optimal foreign aid plan of action for Egypt’s economic growth efforts.

Keywords: Foreign Aid; Egypt; Policies; Institutions; Autoregressive Distributed Lag (search for similar items in EconPapers)
JEL-codes: C5 C54 F35 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Published in Journal of Business and Economics 11.4(2013): pp. 1170-1175

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:68687

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