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Issue 5(1), October 2010 -- Paper Abstracts
Girard  (p. 9-22)
Cooper (p. 23-32)
Kunz-Osborne (p. 33-41)
Coulmas-Law (p.42-46)
Stasio (p. 47-56)
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JOURNAL OF APPLIED BUSINESS AND ECONOMICS


Long Run Effects of Foreign Aid on Economic Growth


Author(s): Nicholas Larsen

Citation: Nicholas Larsen, (2020) "Long Run Effects of Foreign Aid on Economic Growth," Journal of Applied Business and Economics, Vol. 22, Iss.13,  pp. 184-193

Article Type: Research paper

Publisher: North American Business Press

​Abstract:

This paper finds evidence of long run effects on a country’s per capita Gross Domestic Product (GDP) growth using a panel data set of 57 countries that received Official Development Aid (ODA) between 1970 and 2017. The results suggest a statistically significant “multiplier effect” that is sizable. Looking at foreign aid per capita the results suggests that policy makers can achieve a permanent 1% increase in per capita GDP growth by increasing per capita ODA by approximately $110. Similar results are found when using an alternative measure—ODA per Gross National Income—of foreign aid.