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Does foreign aid really raise per capita income? A time series perspective
dc.contributor.author | Nowak-Lehmann D., Felicitas | |
dc.contributor.author | Dreher, Axel | |
dc.contributor.author | Herzer, Dierk | |
dc.contributor.author | Klasen, Stephan | |
dc.contributor.author | Martinez-Zarzoso, Inmaculada | |
dc.date.accessioned | 2013-06-03T12:36:31Z | |
dc.date.available | 2013-06-03T12:36:31Z | |
dc.date.issued | 2012-02 | |
dc.identifier.issn | 0008-4085 | |
dc.identifier.issn | 1540-5982 | |
dc.identifier.uri | http://hdl.handle.net/10234/65674 | |
dc.description.abstract | We analyze the relationship between per capita income and foreign aid. We employ annual data and five-year averages and carefully examine the time-series properties of the data. Panel estimations with dynamic feasible generalized least-squares (DFGLS) show that aid generally has an insignificant or minute negative significant impact on per capita income (particularly in highly aid-dependent countries). This holds true for countries with different levels of human development and income, as well as for different regions. We also find that aid has a small positive impact on investment, but a significant negative impact on domestic savings (crowding out) and the real exchange rate (appreciation). | ca_CA |
dc.format.extent | 26 p. | ca_CA |
dc.format.mimetype | application/pdf | ca_CA |
dc.language.iso | eng | ca_CA |
dc.publisher | Wiley | ca_CA |
dc.relation.isPartOf | Canadian Journal of Economics/Revue canadienne d'économique Vol. 45, num. 1, February 2012 | ca_CA |
dc.rights | © Canadian Economics Association | ca_CA |
dc.rights.uri | http://rightsstatements.org/vocab/InC/1.0/ | * |
dc.subject | Foreign Aid | ca_CA |
dc.subject | Macroeconomic Analyses of Economic Development | ca_CA |
dc.subject | Spatial Time Series | ca_CA |
dc.subject | Model Construction and Estimation | ca_CA |
dc.title | Does foreign aid really raise per capita income? A time series perspective | ca_CA |
dc.type | info:eu-repo/semantics/article | ca_CA |
dc.subject.jel | F35 | ca_CA |
dc.subject.jel | O11 | ca_CA |
dc.subject.jel | C23 | ca_CA |
dc.subject.jel | C51 | ca_CA |
dc.identifier.doi | http://dx.doi.org/10.1111/j.1540-5982.2011.01696.x | |
dc.rights.accessRights | info:eu-repo/semantics/restrictedAccess | ca_CA |
dc.relation.publisherVersion | http://onlinelibrary.wiley.com/doi/10.1111/j.1540-5982.2011.01696.x/full | ca_CA |
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