ODA and Economic Growth in Developing Countries: Grants vs. Loans

• 발행기관: 한국무역연구원
• 저자명: Hong-Kee Kim Fatima Satter Lekhe
• 간행물 정보: 『무역연구』제15권 제6호, 19~33쪽, 전체 15쪽
• 주제분류: 경제경영 > 무역학
• 파일형태: PDF
• 발행일자: 2019.12.30

영문 초록

Purpose - This paper examines the growth response of per capita GDP, human capital, employment, capital stock and total factor productivity to official development assistance In particular, we investigate if effectiveness of official development assistance (ODA) effectiveness depends on the aid form (i.e. grants vis-à-vis loans) and ethnic fractionalization. Design/methodology/approach - This study is based on the 60 aid recipient developing countries over the period 1980-2015. The various panel regression analysis are adopted. Findings - First, Total ODA has a positive and significant impact with diminishing returns on per capita GDP growth, human capital growth, employment growth and total factor productivity growth. Second is that ODA in form of grants has positive and significant impact on growth variables while loans has the negative effect. Third is that ethnic fractionalization matters on the effectiveness of ODA on growth variables for developing countries Research implications or Originality - This paper is different from other researches in the following senses. First, channels through which ODA leads to growth are examined. Secondly, we assess the effectiveness of ODA disaggregated as ODA-grants and ODA-loans. Thirdly the conditionality of ODA effectiveness focuses on ethnic fractionalization

목차

Ⅰ. Introduction

Ⅱ. Related Literature Review

Ⅲ. Data and Empirical Equation

Ⅳ. Empirical Results

Ⅴ. Conclusion

키워드

Economic Growth Ethnic Fractionalization Grants Loans Official Development Assistance Total Factor Productivity