Foreign Aid, Public Sector and Private Consumption: a Cointegrated Vector Autoregressive Approach

Thomas Bwire, Oliver Morrissey and Tim Lloyd

No wp-2013-094, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: This paper employs a cointegrated vector autoregressive model to assess the growth effect of aid in Uganda over the period 1972-2008. Results show that aid in Uganda has had both direct and indirect beneficial association with growth; that it is the productivity and not the stead state level of investment that contributes to achieving target growth rates; and that consumption spending is more beneficial to growth because it contributes to private incomes and consumption.

Keywords: Consumption; Economic assistance and foreign aid; Econometric models (Economic development); Fiscal policy (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:unu:wpaper:wp-2013-094

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