Resumen de Aid And Growth: A Comparative Study Between Sub-Saharan Africa And Asia
Inês Afonso Roque Ferreira, Marta Cristina Nunes Simões
This study investigates the relationship between aid and economic growth and analyses factors that might have influenced this relationship in two major aid recipients regions, Sub-Saharan Africa and Asia that started from similar levels of real GDP per capita but had different patterns of development.The results from applying generalised method of moments procedures to a sample of 44 Sub-Saharan African countries and to a sample of 31 Asian countries from 1972 to 2007 indicate a negative relationship between aid andgrowth in both regions. Mixed results were found for the influence of policy variables, institutional quality and financial development.
