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The effect of foreign aid on economic growth in developing ...

Journal of International Business and Cultural Studies foreign Aid and growth , Page 1 The effect of foreign aid on economic growth in developing countries E. M. Ekanayake Bethune-Cookman University Dasha Chatrna University of Florida Abstract This paper analyzes the effects of foreign aid on the economic growth of developing countries. The study uses annual data on a group of 85 developing countries covering Asia, Africa, and Latin America and the Caribbean for the period 1980-2007. The hypothesis that foreign aid can promote growth in developing countries was explored.

contribute to economic growth, including (a) aid increases investment, in physical and human ... and aid is associated with technology transfer that increases the productivity of capital and promotes endogenous technical change. According to McGillivray, et al. (2006), four main alternative views on the effectiveness of aid

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  Economic, Technology, Growth, Economic growth

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