Foreign aid, macroeconomic policies and economic growth nexus in India: An ARDL bounds testing approach

Foreign aid, macroeconomic policies and economic growth nexus in India: An ARDL bounds testing approach

The purpose of this paper is to examine the effectiveness of foreign aid on economic growth in Indian economy using annual data from 1970 to 2014. The cointegration test confirms a long run relationship between real GDP per capita and foreign aid for India. The study finds a positive and significant...

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Bibliographic Details
Main Authors: Geetilaxmi MOHAPATRA, A. K. GIRI, Madhu SEHRAWAT
Format: Article
Language:English
Published: General Association of Economists from Romania 2016-12-01
Series:Theoretical and Applied Economics
Subjects:
Foreign Aid
Economic growth
India
ARDL
VECM
Online Access: http://store.ectap.ro/articole/1232.pdf

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