Aid And Growth: A Comparative Study Between Sub-Saharan Africa And Asia

• Inês Afonso Roque Ferreira ^[1] ; Marta C.N. Simöes ^[1]
  1. [1] University of Coimbra,
• Localización: Applied econometrics and international development, ISSN 1578-4487, Vol. 13, Nº. 1, 2013, págs. 113-132
• Idioma: inglés
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• Resumen

  • This study investigates the relationship between aid and economic growth and analyses factors that might have influenced this relationship in two major aid recipients regions, Sub-Saharan Africa and Asia that started from similar levels of real GDP per capita but had different patterns of development.The results from applying generalised method of moments procedures to a sample of 44 Sub-Saharan African countries and to a sample of 31 Asian countries from 1972 to 2007 indicate a negative relationship between aid andgrowth in both regions. Mixed results were found for the influence of policy variables, institutional quality and financial development.