The Aid, Macroeconomic Policy Environment and Growth Nexus: Evidence from Selected Asian Countries

dc.contributor.author	Saima Liaqat
dc.contributor.author	Hafiz Khalil Ahmad
dc.contributor.author	Temesgen Kifle
dc.contributor.author	Mohammad Alauddin
dc.date.accessioned	2020-11-04T07:08:16Z
dc.date.available	2020-11-04T07:08:16Z
dc.date.issued	2019
dc.identifier.uri	http://hdl.handle.net/123456789/16912
dc.description	PP. 83–102; ill	en_US
dc.description.abstract	This study empirically investigates the aid effectiveness debate in light of the Burnside-Dollar (2000) hypothesis that the recipient country’s policy environment is critical for aid effectiveness. Based on data from ten Asian countries for 1984–2015 and in line with Burnside and Dollar (2000), we construct a new composite policy index. Employing two-stage least squares to estimate the model, we find that aid had a negative impact on economic growth during the study period for these countries, thus refuting the Burnside-Dollar aid effectiveness hypothesis.	en_US
dc.language.iso	en	en_US
dc.publisher	© Lahore School of Economics, Volume 24;No.1	en_US
dc.relation.ispartofseries	Volume 24;No.1
dc.subject	foreign aid, macroeconomic policy, economic growth, Burnside-Dollar hypothesis, Asia	en_US
dc.title	The Aid, Macroeconomic Policy Environment and Growth Nexus: Evidence from Selected Asian Countries	en_US
dc.type	Article	en_US