An Economic and Social Impact of International Aid at National Level: Application of Spatial Panel Model
This study identifies how aid has contributed to economic and social development in recipient African countries. Spatial panel models were employed for the analysis, considering spatial autocorrelation of panel data between 42 countries and nine years from 2005 to 2013. Based on the regression resul...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2022-08-01
|
| Series: | World |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2673-4060/3/3/31 |
| _version_ | 1797481185220231168 |
|---|---|
| author | Danbi Chung Jaehee Hwang |
| author_facet | Danbi Chung Jaehee Hwang |
| author_sort | Danbi Chung |
| collection | DOAJ |
| description | This study identifies how aid has contributed to economic and social development in recipient African countries. Spatial panel models were employed for the analysis, considering spatial autocorrelation of panel data between 42 countries and nine years from 2005 to 2013. Based on the regression results, the aid itself had a weak impact on recipients’ GDP per capita and Human Development Index. On the other hand, according to the interaction term, aid promoted economic and social development along with affirmative government efficiency. The efficient and centralized administrative system and civic accountability also improved the aggregated well-being level in Africa. |
| first_indexed | 2024-03-09T22:10:54Z |
| format | Article |
| id | doaj.art-f28450a431574743b886d7872bd9b146 |
| institution | Directory Open Access Journal |
| issn | 2673-4060 |
| language | English |
| last_indexed | 2024-03-09T22:10:54Z |
| publishDate | 2022-08-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | World |
| spelling | doaj.art-f28450a431574743b886d7872bd9b1462023-11-23T19:33:23ZengMDPI AGWorld2673-40602022-08-013357558510.3390/world3030031An Economic and Social Impact of International Aid at National Level: Application of Spatial Panel ModelDanbi Chung0Jaehee Hwang1Department of Economics, Seoul National University, Seoul 08826, KoreaOcean Economy Strategy Department, Korea Maritime Institute, Busan 49111, KoreaThis study identifies how aid has contributed to economic and social development in recipient African countries. Spatial panel models were employed for the analysis, considering spatial autocorrelation of panel data between 42 countries and nine years from 2005 to 2013. Based on the regression results, the aid itself had a weak impact on recipients’ GDP per capita and Human Development Index. On the other hand, according to the interaction term, aid promoted economic and social development along with affirmative government efficiency. The efficient and centralized administrative system and civic accountability also improved the aggregated well-being level in Africa.https://www.mdpi.com/2673-4060/3/3/31international development aidaid effectivenesshuman developmentspatial panel modelAfrica |
| spellingShingle | Danbi Chung Jaehee Hwang An Economic and Social Impact of International Aid at National Level: Application of Spatial Panel Model World international development aid aid effectiveness human development spatial panel model Africa |
| title | An Economic and Social Impact of International Aid at National Level: Application of Spatial Panel Model |
| title_full | An Economic and Social Impact of International Aid at National Level: Application of Spatial Panel Model |
| title_fullStr | An Economic and Social Impact of International Aid at National Level: Application of Spatial Panel Model |
| title_full_unstemmed | An Economic and Social Impact of International Aid at National Level: Application of Spatial Panel Model |
| title_short | An Economic and Social Impact of International Aid at National Level: Application of Spatial Panel Model |
| title_sort | economic and social impact of international aid at national level application of spatial panel model |
| topic | international development aid aid effectiveness human development spatial panel model Africa |
| url | https://www.mdpi.com/2673-4060/3/3/31 |
| work_keys_str_mv | AT danbichung aneconomicandsocialimpactofinternationalaidatnationallevelapplicationofspatialpanelmodel AT jaeheehwang aneconomicandsocialimpactofinternationalaidatnationallevelapplicationofspatialpanelmodel AT danbichung economicandsocialimpactofinternationalaidatnationallevelapplicationofspatialpanelmodel AT jaeheehwang economicandsocialimpactofinternationalaidatnationallevelapplicationofspatialpanelmodel |