Journal article
Aid and economic growth: Sensitivity analysis
Abstract
Abstract This paper uses panel data from 77 developing countries, two measures of aid, and a dynamic panel data (DPD) estimator to investigate the effects of aid on economic growth. We find that the relationship between income growth and aid is quadratic in nature. We find a negative partial growth effect of aid at low levels of aid but a positive effect when the ratio of aid to gross national income (GNI) reaches a threshold of between 6.6 and …
Authors
Gyimah‐Brempong K; Racine JS; Gyapong A
Journal
Journal of International Development, Vol. 24, No. 1, pp. 17–33
Publisher
Wiley
Publication Date
January 2012
DOI
10.1002/jid.1708
ISSN
0954-1748