Dynamics of Foreign Aid and Human Development in South and South-East Asia: Analyzing the Effectiveness of Macro-Institutional Factors

IF 0.9 Q3 ECONOMICS

INTERNATIONAL ECONOMIC JOURNAL Pub Date : 2023-09-27 DOI:10.1080/10168737.2023.2261011

Devi Prasad Dash, Narayan Sethi, Paresh Chandra Barik

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Abstract

AbstractDoes foreign aid impede or catalyze human development in South and South-East Asia post-1990s? We argue that foreign aid impacts human development negatively in the region overall due to the structural differences in infrastructure development, democratic regimes, patterns of external debt, trading intensity and other macroeconomic factors. Our empirical evidence further justifies that other than aid, improvements in infrastructure sectors and quality of democratic settings beget human development in the region. Considering further angles of external debt and domestic investment into the picture, we find that rising external debt negates, improves domestic investment and accelerates human development. While comparing both regions, we find a noticeable difference in the impacts of macro-institutional factors on human development. However, the impacts of aid on human development remain insignificant.KEYWORDS: Foreign aidhuman developmentAsiaexternal debtJEL Codes: F35O15N15 Disclosure statementNo potential conflict of interest was reported by the author(s).Additional informationNotes on contributorsDevi Prasad DashDr Devi Prasad Dash is working as the Assistant Professor of Economics in the School of Management and Entrepreneurship, Indian Institute of Technology, Jodhpur, India. His areas of specialization are Energy Economics, Economics of Climate Change, Economics of Growth and Development and Economics of Crime.Narayan SethiDr Narayan Sethi is a Professor of Economics and currently Head of the Department (HoD), Department of Humanities and Social Sciences, National Institute of Technology (NIT) Rourkela, Odisha, India. His area of research includes Macro and Open Economy, Development Economics, Monetary Economics and Energy and Environment.Paresh Chandra BarikMr Paresh Chandra Barik is working as the Assistant General Manager in the State Bank of India Branch, London in the United Kingdom.

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南亚和东南亚外援与人类发展的动态:宏观制度因素的有效性分析

外援是阻碍还是促进了90后南亚和东南亚地区的人类发展?我们认为，由于基础设施发展、民主制度、外债模式、贸易强度和其他宏观经济因素的结构性差异，外援总体上对该地区的人类发展产生了负面影响。我们的经验证据进一步证明，除了援助之外，基础设施部门的改善和民主环境的质量也会促进该地区的人类发展。进一步从外债和国内投资的角度分析，我们发现外债的增加对国内投资产生负面影响，促进了国内投资，加速了人类的发展。在比较这两个地区时，我们发现宏观制度因素对人类发展的影响存在显著差异。然而，援助对人类发展的影响仍然微不足道。关键词:对外援助;人类发展;亚洲;外债;jel代码:F35O15N15披露声明作者未报告存在潜在利益冲突。作者简介Devi Prasad dashdevi Prasad Dash博士是印度焦特布尔印度理工学院管理与创业学院经济学助理教授。他的专业领域是能源经济学、气候变化经济学、增长与发展经济学和犯罪经济学。Narayan Sethi，经济学教授，现任印度奥里萨邦鲁克拉国立理工学院人文与社会科学系系主任。他的研究领域包括宏观与开放经济、发展经济学、货币经济学、能源与环境。Paresh Chandra Barik先生在英国伦敦的印度国家银行分行担任助理总经理。

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来源期刊

INTERNATIONAL ECONOMIC JOURNAL Economics, Econometrics and Finance-Economics, Econometrics and Finance (all)

CiteScore

2.10

自引率

0.00%

发文量

期刊介绍： International Economic Journal is a peer-reviewed, scholarly journal devoted to publishing high-quality papers and sharing original economics research worldwide. We invite theoretical and empirical papers in the broadly-defined development and international economics areas. Papers in other sub-disciplines of economics (e.g., labor, public, money, macro, industrial organizations, health, environment and history) are also welcome if they contain international or cross-national dimensions in their scope and/or implications.