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Foreign aid, poverty and economic growth in developing countries: A dynamic panel data causality analysis

Cogent economics & finance, 2019-01, Vol.7 (1), p.1-17 [Peer Reviewed Journal]

2019 The Author(s). This open access article is distributed under a Creative Commons Attribution (CC-BY) 4.0 license. 2019 ;2019 The Author(s). This open access article is distributed under a Creative Commons Attribution (CC-BY) 4.0 license. This work is licensed under the Creative Commons Attribution License http://creativecommons.org/licenses/by/4.0/ (the “License”). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License. ;ISSN: 2332-2039 ;EISSN: 2332-2039 ;DOI: 10.1080/23322039.2019.1626321

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  • Title:
    Foreign aid, poverty and economic growth in developing countries: A dynamic panel data causality analysis
  • Author: Mahembe, Edmore ; Odhiambo, Nicholas M
  • Nsiah, Christian
  • Subjects: Bidirectionality ; Causality ; Developing countries ; dynamic panel data analysis ; Economic growth ; Economic models ; Foreign aid ; Granger causality ; LDCs ; official development assistance (ODA) ; Panel data ; Poverty ; Unit roots ; vector error-correction model (VECM)
  • Is Part Of: Cogent economics & finance, 2019-01, Vol.7 (1), p.1-17
  • Description: This article examines the causal relationship between foreign aid, poverty, and economic growth in 82 developing countries for the period 1981-2013. Taking advantage of the recently developed dynamic panel data estimation techniques, the paper tests for both panel unit roots and cointegration before employing the panel vector error-correction model (VECM) Granger causality test. The main findings are that in the short run, there is evidence of (a) a bidirectional causal relationship between economic growth and poverty; (b) a unidirectional causal relationship from economic growth to foreign aid; and (c) unidirectional causality from poverty to foreign aid. In the long-run, the study found that (a) foreign aid tends to converge to its long-run equilibrium path in response to changes in economic growth and poverty; and (b) both economic growth and poverty jointly Granger cause foreign aid.
  • Publisher: Abingdon: Taylor & Francis
  • Language: English
  • Identifier: ISSN: 2332-2039
    EISSN: 2332-2039
    DOI: 10.1080/23322039.2019.1626321
  • Source: Directory of Open Access Journals
    Taylor & Francis (Open access)
    ROAD: Directory of Open Access Scholarly Resources
    ProQuest Central
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