Janine Bowen is assistant professor of international business at Goucher College.
Foreign Aid and Economic Growth: An Empirical Analysis
Article first published online: 3 SEP 2010
1995 The Ohio State University
Volume 27, Issue 3, pages 249–261, July 1995
How to Cite
Bowen, J. (1995), Foreign Aid and Economic Growth: An Empirical Analysis. Geographical Analysis, 27: 249–261. doi: 10.1111/j.1538-4632.1995.tb00908.x
- Issue published online: 3 SEP 2010
- Article first published online: 3 SEP 2010
After more than forty years of foreign aid programs and numerous studies of the impact aid has had on economic growth in recipient countries, the strength and nature of the aid-growth relationship is still unknown. This study contends that results from previous studies have in aggregate been inconclusive largely because of methodological limitations and that a significant aid-growth relationship does exist. Further, the nature of the relationship (for example, positive or negative) varies across the level of economic development in aid-receiving countries. The expansion method is used here to expand initial models of economic growth into models which better explain the aid-growth relationship by incorporating the relationships that aid may have with other determinants of economic growth.