Effects of foreign aid, oil price and conflict on low-income OIC countries' economic growth
The low-income member countries of the Organization of the Islamic Conference (OIC-LDCs) receive substantial amount of official development assistant (ODA) purposely to improve economic condition which is characteristically and persistently poor. 23 OIC-LDCs, being common ODA recipients were, select...
| Main Authors: | , , |
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| Format: | Conference or Workshop Item |
| Language: | English |
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Faculty of Economics and Management, Universiti Putra Malaysia
2012
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| Online Access: | http://psasir.upm.edu.my/id/eprint/51224/1/12-4.pdf |
| _version_ | 1796975490965176320 |
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| author | Niran, Adedeji Abdulkabir Mat Ghani, Gairuzazmi Ahmad Sidique, Shaufique Fahmi |
| author_facet | Niran, Adedeji Abdulkabir Mat Ghani, Gairuzazmi Ahmad Sidique, Shaufique Fahmi |
| author_sort | Niran, Adedeji Abdulkabir |
| collection | UPM |
| description | The low-income member countries of the Organization of the Islamic Conference (OIC-LDCs) receive substantial amount of official development assistant (ODA) purposely to improve economic condition which is characteristically and persistently poor. 23 OIC-LDCs, being common ODA recipients were, selected over period 1960-2007. This paper investigate the effect ODA, oil-price increase and conflict on OIC-LDCs’ economic growth employing Fixed Effect Error Component (FEEC) technique. We found that little interrelationship exist between OIC-recipient countries’ GDP and ODA, which is consistent with Burnside and Dollar (2000, 2004) findings. The civil armed conflict is negatively related with GDP growth. We also found that a shock effect of $10 increase in price of crude oil per barrel, on average, will reduce oil-importing OIC member countries’ economic growth by 0.3%. |
| first_indexed | 2024-03-06T09:12:18Z |
| format | Conference or Workshop Item |
| id | upm.eprints-51224 |
| institution | Universiti Putra Malaysia |
| language | English |
| last_indexed | 2024-03-06T09:12:18Z |
| publishDate | 2012 |
| publisher | Faculty of Economics and Management, Universiti Putra Malaysia |
| record_format | dspace |
| spelling | upm.eprints-512242017-04-03T07:43:50Z http://psasir.upm.edu.my/id/eprint/51224/ Effects of foreign aid, oil price and conflict on low-income OIC countries' economic growth Niran, Adedeji Abdulkabir Mat Ghani, Gairuzazmi Ahmad Sidique, Shaufique Fahmi The low-income member countries of the Organization of the Islamic Conference (OIC-LDCs) receive substantial amount of official development assistant (ODA) purposely to improve economic condition which is characteristically and persistently poor. 23 OIC-LDCs, being common ODA recipients were, selected over period 1960-2007. This paper investigate the effect ODA, oil-price increase and conflict on OIC-LDCs’ economic growth employing Fixed Effect Error Component (FEEC) technique. We found that little interrelationship exist between OIC-recipient countries’ GDP and ODA, which is consistent with Burnside and Dollar (2000, 2004) findings. The civil armed conflict is negatively related with GDP growth. We also found that a shock effect of $10 increase in price of crude oil per barrel, on average, will reduce oil-importing OIC member countries’ economic growth by 0.3%. Faculty of Economics and Management, Universiti Putra Malaysia 2012 Conference or Workshop Item PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/51224/1/12-4.pdf Niran, Adedeji Abdulkabir and Mat Ghani, Gairuzazmi and Ahmad Sidique, Shaufique Fahmi (2012) Effects of foreign aid, oil price and conflict on low-income OIC countries' economic growth. In: National Research & Innovation Conference for Graduate Students in Social Sciences (GS-NRIC 2012), 7-9 Dec. 2012, Mahkota Hotel, Melaka. (pp. 71-86). |
| spellingShingle | Niran, Adedeji Abdulkabir Mat Ghani, Gairuzazmi Ahmad Sidique, Shaufique Fahmi Effects of foreign aid, oil price and conflict on low-income OIC countries' economic growth |
| title | Effects of foreign aid, oil price and conflict on low-income OIC countries' economic growth |
| title_full | Effects of foreign aid, oil price and conflict on low-income OIC countries' economic growth |
| title_fullStr | Effects of foreign aid, oil price and conflict on low-income OIC countries' economic growth |
| title_full_unstemmed | Effects of foreign aid, oil price and conflict on low-income OIC countries' economic growth |
| title_short | Effects of foreign aid, oil price and conflict on low-income OIC countries' economic growth |
| title_sort | effects of foreign aid oil price and conflict on low income oic countries economic growth |
| url | http://psasir.upm.edu.my/id/eprint/51224/1/12-4.pdf |
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