Aid and growth: A study of South East Asia
Date
2006
Authors
Burke, Paul
Ahmadi-Esfahani, Fredoun Z
Journal Title
Journal ISSN
Volume Title
Publisher
Elsevier
Abstract
The success of foreign aid in promoting economic growth in developing nations is an issue of considerable controversy. In this article, the effectiveness of aid in promoting growth in three South East Asian countries - Thailand, Indonesia and the Philippines - is empirically tested, using a simultaneous-equation model in which growth and savings are jointly determined. The results indicate that aid had an insignificant effect on the growth rates of the three nations during 1970-2000 and did not displace domestic savings. The findings appear valid for both before and during the Asian financial crisis and underline the importance of exports and foreign direct investment in the South East Asian growth experience.
Description
Keywords
Keywords: Aid effectiveness; Economic growth; Foreign aid; South East Asia
Citation
Collections
Source
Journal of Asian Economics
Type
Journal article
Book Title
Entity type
Access Statement
License Rights
Restricted until
2037-12-31
Downloads
File
Description