Official Development Assistance and Economic Growth in Iran
Foreign aid is one of the most important policy tools that rich countries use for helping poor countries to improve population well-being and facilitate economic and institutional development. The concept of foreign aid orofficial development assistance (ODA) is widely used and accepted as a flow of...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Mashhad: Behzad Hassannezhad Kashani
2015-02-01
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| Series: | International Journal of Management, Accounting and Economics |
| Subjects: | |
| Online Access: | https://www.ijmae.com/article_115389_44a878585353061c6615639dfba562a9.pdf |
| _version_ | 1797690355560218624 |
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| author | Ramiar Refaei Morteza Sameti |
| author_facet | Ramiar Refaei Morteza Sameti |
| author_sort | Ramiar Refaei |
| collection | DOAJ |
| description | Foreign aid is one of the most important policy tools that rich countries use for helping poor countries to improve population well-being and facilitate economic and institutional development. The concept of foreign aid orofficial development assistance (ODA) is widely used and accepted as a flow of financial resources from developed countries to developing countries on development grounds. However, the role and effects of foreign aid in the economic growth of developing countries have been and are controversial issues. This paper investigates the relationship between foreign aid and growth in per capita GDP using annual data from the 1980 to 2012 period for a sample of Iran. Three time series techniques (CCR, FMOLS and DOLS) were utilized to estimate the co-integrating equations. The results show that in long-run, effect of foreign aid on economic growth is positive, statistically significant, and sizable. Therefore, aid is more productive than domestic resources and other capital inflows. |
| first_indexed | 2024-03-12T01:58:30Z |
| format | Article |
| id | doaj.art-9813be971f814f509fe9eab6d8372b1d |
| institution | Directory Open Access Journal |
| issn | 2383-2126 |
| language | English |
| last_indexed | 2024-03-12T01:58:30Z |
| publishDate | 2015-02-01 |
| publisher | Mashhad: Behzad Hassannezhad Kashani |
| record_format | Article |
| series | International Journal of Management, Accounting and Economics |
| spelling | doaj.art-9813be971f814f509fe9eab6d8372b1d2023-09-07T21:58:21ZengMashhad: Behzad Hassannezhad KashaniInternational Journal of Management, Accounting and Economics2383-21262015-02-0122125135115389Official Development Assistance and Economic Growth in IranRamiar Refaei0Morteza Sameti1Ph.D Student in Economics, Islamic Azad University, Isfahan (Khorasgan) Branch, IranProfessor in Economics Department, Islamic Azad University of Khorasgan, Isfahan, IranForeign aid is one of the most important policy tools that rich countries use for helping poor countries to improve population well-being and facilitate economic and institutional development. The concept of foreign aid orofficial development assistance (ODA) is widely used and accepted as a flow of financial resources from developed countries to developing countries on development grounds. However, the role and effects of foreign aid in the economic growth of developing countries have been and are controversial issues. This paper investigates the relationship between foreign aid and growth in per capita GDP using annual data from the 1980 to 2012 period for a sample of Iran. Three time series techniques (CCR, FMOLS and DOLS) were utilized to estimate the co-integrating equations. The results show that in long-run, effect of foreign aid on economic growth is positive, statistically significant, and sizable. Therefore, aid is more productive than domestic resources and other capital inflows.https://www.ijmae.com/article_115389_44a878585353061c6615639dfba562a9.pdfforeign aideconomic growthco-integration techniques |
| spellingShingle | Ramiar Refaei Morteza Sameti Official Development Assistance and Economic Growth in Iran International Journal of Management, Accounting and Economics foreign aid economic growth co-integration techniques |
| title | Official Development Assistance and Economic Growth in Iran |
| title_full | Official Development Assistance and Economic Growth in Iran |
| title_fullStr | Official Development Assistance and Economic Growth in Iran |
| title_full_unstemmed | Official Development Assistance and Economic Growth in Iran |
| title_short | Official Development Assistance and Economic Growth in Iran |
| title_sort | official development assistance and economic growth in iran |
| topic | foreign aid economic growth co-integration techniques |
| url | https://www.ijmae.com/article_115389_44a878585353061c6615639dfba562a9.pdf |
| work_keys_str_mv | AT ramiarrefaei officialdevelopmentassistanceandeconomicgrowthiniran AT mortezasameti officialdevelopmentassistanceandeconomicgrowthiniran |