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The Aid, Macroeconomic Policy Environment and Growth Nexus: Evidence from Selected Asian Countries

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Title: The Aid, Macroeconomic Policy Environment and Growth Nexus: Evidence from Selected Asian Countries

Authors: Saima Liaqat, Hafiz Khalil Ahmad, Temesgen Kifle, Mohammad Alauddin

Journal: Lahore Journal of Economics

HEC Recognition History
Category From To
Y 2024-10-01 2025-12-31
Y 2023-07-01 2024-09-30
Y 2022-07-01 2023-06-30
Y 2021-07-01 2022-06-30
Y 2020-07-01 2021-06-30
Y 1900-01-01 2005-06-30

Publisher: Lahore School of Economics, Lahore

Country: Pakistan

Year: 2019

Volume: 24

Issue: 1

Language: English

DOI: 10.35536/lje.2019.v24.i1.a4

Categories
Macroeconomic Policy (9) Economic Growth (554) Development Economics (3371) Foreign Aid (47) Asia (34)

Abstract

This study empirically investigates the aid effectiveness debate in light of the Burnside-Dollar (2000) hypothesis that the recipient country’s policy environment is critical for aid effectiveness. Based on data from ten Asian countries for 1984–2015 and in line with Burnside and Dollar (2000), we construct a new composite policy index. Employing two-stage least squares to estimate the model, we find that aid had a negative impact on economic growth during the study period for these countries, thus refuting the Burnside-Dollar aid effectiveness hypothesis.

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