The effect of foreign aid on per capita income growth in some selected Developing countries from Asia and Africa
Subject Areas : Financial Economicsکریم امامی 1 , نجمه آزاد وار 2
1 - استادیاردانشگاه آزاداسلامی،واحدعلوموتحقیقات. تهران ایران
2 - دانشجوی کارشناسی ارشدعلوم اقتصادی،دانشگاه آزاداسلامی،واحدعلوم وتحقیقات. تهران .ایران
Keywords: Per Capita Income, Keywords: Foreign Aid, Panel data Jel Classification: F35, O11, C23, C51,
Abstract :
Abstract Capital formation is one of the important factors in economic development. Developing countries are usually known with poor economies or ventures descend. In these countries not only current reserves of capital is low but also the concentration of capital. Due to the lack of internal funds for financing in developing countries, is one of proposed solutions on an international scale is import of capital such as loans, credits and grants from developed countries. Therefore, the effect of foreign aid as a foreign financial flow to developing countries to promote economic development is essential and knowledge of these effects will lead to the right decisions for the optimal use of these contributions. This study investigates the impact of foreign aid on growth in per capita income. We employ panel data over the years 1987 to 2010 in selected developing countries from Asia and Africa deals. The result show the effectiveness of foreign aid on per capita income growth is negative but small.
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