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- W2222732017 abstract "Evaluating the sources of economic growth is obviously important, and numerous attempts have been made to judge the impact of many different factors on economic growth. Since some empirical studies have reported that official development assistance (ODA) is one of the important factors in economic growth, this paper empirically explores the impacts of ODA on economic growth using a cross-country analysis based on data from 80 countries for the year 1975-2005. To this end, a further augmented version of the endogenous growth theory model, explicitly including ODA, is applied. Subject to the appropriate caveats, the results provide further support for several key conclusions of the former studies - investment in physical capital, population growth, and the human capital are important in accounting for economic growth across countries. More importantly, it is concluded that ODA significantly contributes to economic growth. Thus, the suggestion that countries can significantly enhance their economic growth by further increasing ODA seems to be supported by the results of this study." @default.
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- W2222732017 date "2008-08-01" @default.
- W2222732017 modified "2023-09-26" @default.
- W2222732017 title "Official development assistance and economic growth : evidence from a cross-county investigation" @default.
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