Share This Article:

Foreign Aid and Economic Growth

Abstract PP. 1-7
DOI: 10.4236/oalib.1100632    1,801 Downloads   3,147 Views   Citations
Author(s)    Leave a comment

ABSTRACT

This paper represents the study about the impact of foreign aid on the economic growth of Pakistan by taking into consideration previous studies done on the same topic for different developing countries. As results show that if aids are properly allocated in desired section which in real need development than it can prove fruitful but normally aid given to such countries always have some objective behind that with already defined section where that aid should be utilized, but if such countries are given free hand to use them they can use them in their desired section and can have more appropriate and better results in their development. Also in such countries there come the prospect of corruption if corruption is properly removed from the roots of that economy than it necessarily have better developmental result on its economy.

Conflicts of Interest

The authors declare no conflicts of interest.

Cite this paper

Fatima, F. (2014) Foreign Aid and Economic Growth. Open Access Library Journal, 1, 1-7. doi: 10.4236/oalib.1100632.

References

[1] Durbarry, R., Gemmell, N. and Greenaway, D. (1998) New Evidence on the Impact of Foreign Aid on Economic Growth. CREDIT Research Paper No. 98/8.
[2] Collier, P. and Dollar, D. (2001) Aid Allocation and Poverty Reduction. European Economic Review, 46, 1475-1500.
http://dx.doi.org/10.1016/S0014-2921(01)00187-8
[3] Easterly, W. (2003) Can Foreign Aid Buy Growth? Journal of Economic Perspectives, 17, 23-24.
http://dx.doi.org/10.1257/089533003769204344
[4] Shah, S.A.H., Ahmad, I. and Zahid, M.S. (2005) Is Foreign Aid Necessary for the Economic Development of Less Developed Countries with Special Reference to Pakistan?
[5] Moreira, S.B. (2005) Evaluating the Impact of Foreign Aid on Economic Growth: A Cross-Country Study. Journal of Economic Development, 30, 25.
[6] Veiderpass, A. and Andersson, P.-Å. (2007) Foreign Aid, Economic Growth and Efficiency Development. A Data Envelopment Analysis Approach. Sadev Report 2007:01.
[7] Ekanayake, E.M. and Chatrna, D. (2007) The Effect of Foreign Aid on Economic Growth in Developing Countries. Journal of International Business and Cultural Studies.
[8] Minoiu, C. and Reddy, S.G. (2009) Development Aid and Economic Growth: A Positive Long-Run Relation. International Monetary Fund WP/09/118.
[9] Javid, M. and Qayyum, A. (2011) Foreign Aid and Growth Nexus in Pakistan: The Role of Macroeconomic Policies. PIDE Working Papers 2011:72.
[10] Fasanya, I.O. and Onakoya, A.B. (2012) Does Foreign Aid Accelerate Economic Growth? An Empirical Analysis for Nigeria. International Journal of Economics and Financial Issues, 2, 423-431.

  
comments powered by Disqus

Copyright © 2019 by authors and Scientific Research Publishing Inc.

Creative Commons License

This work and the related PDF file are licensed under a Creative Commons Attribution 4.0 International License.