FOREIGN AID AND HUMAN DEVELOPMENT: A QUANTILE REGRESSION APPROACH

FOREIGN AID AND HUMAN DEVELOPMENT: A QUANTILE REGRESSION APPROACH

This paper investigates the impact of foreign aid on human development as measured by the human development index (HDI). We apply quantile regression approach for the data from 124 developing countries covering the period 1980 to 2013. The findings show that in general, aid is positively associated...

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Veröffentlicht in:International Journal of Economics, Management and Accounting Management and Accounting, 2017-01, Vol.25 (1), p.27
Hauptverfasser: Mohamed, Masoud Rashid, Mzee, Said Seif
Format: Artikel
Sprache:eng
Schlagworte:
Developing countries
Economic growth
Economic models
Education
Expenditures
Foreign aid
Government spending
Human Development Index
Infant mortality
LDCs
Low income groups
Poverty
Rural areas
Social change
Standard of living
Studies
Time series
Trade deficit
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Zusammenfassung:This paper investigates the impact of foreign aid on human development as measured by the human development index (HDI). We apply quantile regression approach for the data from 124 developing countries covering the period 1980 to 2013. The findings show that in general, aid is positively associated with the human development index. The impact is much greater in countries with low level of human development. Similarly, we find statistically positive impact of aid on HDI income, health, and education indices. The results imply that since aid is positively related with HDI, and HDI is universally accepted as a quantitative measure of human development, then aid can significantly contribute to promoting human welfare.
ISSN:2462-1420