An Empirical Analysis of Impact of Foreign Aid on Economic Growth: The Case of Pakistan

Akram, Muhammad Wasim; Mahpara,

doi:10.22610/imbr.v3i5.939

Cited by 3 publications

(3 citation statements)

References 20 publications

(23 reference statements)

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“…FA inflow significantly abridged economic growth in Uganda in the short-run and long-run (Edward and Karamuriro, 2020). Similar results were documented by Weerasingha and Mustafa (2019) for South Asian countries, Sakurai (2020) for Vietnam, and a study by Akram (2011) reveals that the effect of foreign Aid is trivial related to the economic growth of Pakistan in the short-run and long-run.…”

Section: Brief Review Of the Literaturesupporting

confidence: 84%

Does Foreign Aid Have an Expected Role in the Economic Growth of Bangladesh? An Analysis in ARDL Approach

Hossain

Hossain²,

Islam³

et al. 2022

IJEFI

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Bangladesh, a lower-middle-income country in South Asia and expected to be a developing country by 2024, is one of the most densely populated countries in the world, with 166.30 million (WDI, 2021) people. Foreign Aid (FA) plays a vital role in the economic development of Bangladesh. Foreign Aid, loans, and grants generally, which we call Official Development Assistance (ODA) (in this study, we have used the term 'Foreign aid') have increased gradually over the years after the liberation of Bangladesh with the increase of per capita GDP. In our study, we have conducted a single country investigation on Bangladesh and examined the impact of Foreign Aid on the Economic growth of Bangladesh from 1971 to 2019. The ARDL bounds test methodology was applied in the study, followed by the unit root test and the bound test for cointegration. Several diagnostic tests were conducted to check the stability and reliability of the model. The obtained results revealed that Foreign Aid has a significant and positive impact on the Economic growth of Bangladesh in the long- and short-run. The coefficients of the variables of our study refer that a 1(one) unit increase in foreign Aid would intensify 0.24 units of Economic growth in Bangladesh. In line with Foreign Aid, Gross capital formation also has a significant positive impact on the country's economic development. On the contrary, trade openness has a negative but insignificant impact both in the short and long run. Besides, population growth negatively and significantly impacts economic growth in the long run. In this study, finally, we have recommended some policy implications for the Government of Bangladesh.

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Section: Brief Review Of the Literaturesupporting

confidence: 84%

Does Foreign Aid Have an Expected Role in the Economic Growth of Bangladesh? An Analysis in ARDL Approach

Hossain

Hossain²,

Islam³

et al. 2022

IJEFI

View full text Add to dashboard Cite

show abstract

“…Differences in educational standards and public expenditure on education shape the two most common reasons behind the existing per capita income gap between developed and less developed countries. Improvement in developed countries has not been exclusive to literacy rates in general, but more specifically the reduction of the disparity between the female to male rates (Akram et al,2011). Despite the advancements made in gender equality, empowerment of women and enrolment in different educational levels, the higher educational levels suffer from the widest gender disparities in several regions and countries (Guterres,2017).…”

Section: Education Economic Growth and Sustainable Development Studiesmentioning

confidence: 99%

The Impact of Female Tertiary Education and Climate Change on Economic Growth in Developing Countries

Moataz¹,

Richter²

2023

Springer Proceedings in Business and Economics

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This study examines how female tertiary education and climate change affect economic growth in a set of 33 chosen developing countries from around the world. Previous literature examines the relationship between gender inequality and economic growth and climate change and economic growth both theoretically and empirically, in this study empirical analysis of panel data set will be made using a cross section fixed effects model.

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“…Empowerment further increases the ability of individuals or communities to make decisions and turn those decisions into positive behavior and effects (Alsop and Heinsohn, 2005). Women's empowerment is seen as a means of reducing child and infant mortality through education and wellbeing of mothers and stimulates economic development through the participation of women in labor (Akram et al, 2011). Reducing poverty is directly connected to economic empowerment.…”

Section: Introductionmentioning

confidence: 99%

Role of small and medium enterprises (SME) in women empowerment and poverty alleviation in Punjab, Pakistan

Riaz

Chaudhry

2021

Int. J. Agr. Ext.

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This study investigates the role of small and medium enterprises (SME) in women empowerment and poverty alleviation in Southern Punjab. The findings showed that the education level of the women, participation in SMEs, skills development index, employed persons in the household, the value of physical assets, women’s economic, familial, and social empowerment index adversely and significantly influenced of poverty while the household size and family setup positively and significantly influenced poverty. In order to alleviate poverty in Pakistan and specifically in Southern Punjab women's participation in the labour force must be encouraged, educational facilities for women should be provided especially in the rural areas, technical education should also be promoted which will not only empower the women but will also open the doors of employment. Further, transportation facilities should be improved to enhance women's participation. Credit facilities at low cost may be provided to women as a key constraint in the success of SMEs is the lack of capital.

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An Empirical Analysis of Impact of Foreign Aid on Economic Growth: The Case of Pakistan

Cited by 3 publications

References 20 publications

Does Foreign Aid Have an Expected Role in the Economic Growth of Bangladesh? An Analysis in ARDL Approach

Does Foreign Aid Have an Expected Role in the Economic Growth of Bangladesh? An Analysis in ARDL Approach

The Impact of Female Tertiary Education and Climate Change on Economic Growth in Developing Countries

Role of small and medium enterprises (SME) in women empowerment and poverty alleviation in Punjab, Pakistan

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