Economics

Revisited the role of foreign aid in capital formation: experience of South Asian countries

R. K. Dash, D. J. Gupta, et al.

This compelling study by Ranjan Kumar Dash, Deepa Jitendra Gupta, and Tarun Khandelwal investigates the paradox of foreign aid's influence on domestic investment in South Asia. Discover how aid can stifle investment in the long run yet foster it through synergies with trade and human development. Dive into this intriguing analysis!

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Abstract

This study examines the impact of foreign aid on domestic investment in six South Asian countries (1990-2019), considering host country factors. Using panel unit root, cointegration, and causality methods, the study finds that foreign aid directly reduces domestic investment in the long run, but promotes it through complementarity with trade, human development, and FDI. A bidirectional causality between aid and investment supports the crowding-out effect.

Publisher

Humanities & Social Sciences Communications

Published On

Feb 27, 2024

Authors

Ranjan Kumar Dash, Deepa Jitendra Gupta, Tarun Khandelwal

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