Author

  • Rajarshi Mitra

    • Kyushu University, Higashi-ku, Fukuoka-shi, Japan
    • Japan

Abstract

Recent studies have shown that foreign aid can have either a positive or a negative impact on economic growth. Due to this lack of general consensus the effectiveness of foreign aid for economic growth remains a contentious issue. This paper estimates a structural VECM for the period 1971-2009 and examines the long-run relationship between foreign aid and economic growth of an aid-dependent Asian economy, Cambodia. Johansen cointegration test indicates a significantly positive long-run effect of foreign aid on economic growth of Cambodia for the period of study.

Keywords

References

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How to Cite

Mitra, R. (2013). Foreign Aid and Economic Growth: A Cointegration Test for Cambodia. Journal of Economics and Behavioral Studies, 5(2), 117-121. https://doi.org/10.22610/jebs.v5i2.386

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Section

Research Paper

Published in

Vol. 5 No. 2 (2013) Monetary Union, Behavioural Markets & Service Quality View issue contents

Published

2013-02-28

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