Aid and growth: Asymmetric effects?

Q1 Economics, Econometrics and Finance
Leo M. Doerr
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引用次数: 0

Abstract

This study explores potential asymmetries in the relationship between development aid and economic growth. Our analysis reveals that while previous research identifies small positive growth effects of aid, these results stem from the adverse impact of aid reductions, with no corresponding positive effect from aid increases. This suggests that aid acts more as a substitute for domestic resources than as a catalyst for growth. Combining dynamic generalized method of moments techniques with asymmetric effect analysis, we provide a new methodological framework that addresses both unbalanced effects and endogeneity of aid, offering new insights into the aid-growth nexus.
援助和增长:不对称效应?
本研究探讨了发展援助与经济增长之间潜在的不对称关系。我们的分析表明,虽然之前的研究发现援助对经济增长有很小的积极影响,但这些结果源于援助减少的不利影响,而援助增加没有相应的积极影响。这表明,援助更多的是国内资源的替代品,而不是增长的催化剂。将动态广义矩量法技术与非对称效应分析相结合,我们提供了一个新的方法框架,既解决了援助的不平衡效应,也解决了援助的内生性,为援助与增长之间的关系提供了新的见解。
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来源期刊
Journal of Economic Asymmetries
Journal of Economic Asymmetries Economics, Econometrics and Finance-Economics, Econometrics and Finance (all)
CiteScore
4.80
自引率
0.00%
发文量
42
审稿时长
50 days
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