Araştırma Makalesi
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Gelişmekte Olan Ülkelerde Dış Yardım, Kurumlar ve Ekonomik Performans

Yıl 2023, Cilt: 18 Sayı: 3, 748 - 765, 01.12.2023
https://doi.org/10.17153/oguiibf.1277348

Öz

Resmi kalkınma yardımları gelişmekte olan ülkelerde sermaye eksikliğine çözüm önerisi olarak sunulmuş olsa da literatürde dış yardımların etkinliği konusunda fikir birliği oluşmamıştır. Bunun yanında yardımların ancak belli koşullar altında büyümeyi olumlu etkileyebileceğini öne süren görüşler, kurumsal kaliteyi yardımların olumlu etkisini teşvik edecek önemli bir kanal olarak görmektedir. Bu kapsamda çalışma dış yardım, kurumsal yapı ve ekonomik performans arasındaki ilişkileri Avrupa, Amerika, Afrika ve Asya bölgesindeki 80 ülke için incelemektedir Elde edilen bulgulara göre, örneklem ülkelerde resmi kalkınma yardımları ve kurumsal yapının kalitesi ekonomik büyümeyi pozitif yönde etkilemektedir. Ayrıca dış yardımların kurumsal yapı üzerindeki etkisinin pozitif olduğu tespit edilmiştir.

Kaynakça

  • Abate, C. A. (2022), “The Relationship Between Aid and Economic Growth of Developing Countries: Does İnstitutional Quality and Economic Freedom Matter?”, Cogent Economics & Finance, Vol. 10, No. 1.
  • Acemoğlu, Daron & Robinson, James (2012), Why Nations Fail: The Origins of Power, Prosperity and Poverty, New York: Crown Publishers.
  • Acemoğlu, Daron (2009), Introduction to Modern Economic Growth, Princeton University Press.
  • Acemoğlu, Daron, Johnson, S., Robinson, J. & Thaicharoen, Y. (2003), “Institutional Causes, Macroeconomic Symptoms Volatility, Crises and Growth”, Journal of Monetary Economics, Vol. 50, 49-123.
  • Adamu, Patricia A. (2013), “The Impact of Foreign Aid on Economic Growth in ECOWAS Countries: A Simultaneous-equation Model”, WIDER Working Paper No. 2013/143.
  • Adusei, Elizabeth (2020), “The impact of Foreign Aid on Economic Growth in Sub-Sahara Africa: The Mediating Role of Institutions”, MPRA Paper No. 104561. University Library of Munich, Germany.
  • Akramov, Kamiljon T. (2012), "Foreign Aid Allocation, Governance, and Economic Growth", Issue briefs 72, International Food Policy Research Institute (IFPRI).
  • Altunbas, Y. & Thornton, J. (2014), “The (Small) Blessing of Foreign Aid: Further Evidence on Aid’s İmpact on Democracy”, Applied Economics, Vol. 46, No. 32: 3922-3930.
  • Asongu, Simplice (2013), “On the Effectiveness of Foreign Aid in Institutional Quality” European Economics Letters, Vol. 2, No. 1: 12-19.
  • Awan, M. & Mustafa, U. (2015), “Institutional Governance, Aid and Economic Growth: A Case of South Asian Countries”, International Academy of Business and Economics IABE-2015 Orlando – Winter Conference, March 22-24.
  • Azam, M. & Feng, Y. (2022), “Does Foreign Aid Stimulate Economic Growth in Developing Countries? Further evidence in both aggregate and disaggregated samples”, Qual Quant, Vol. 56, 533–556.
  • Barro, Robert J. (1991), “Economic Growth in a Cross Section of Countries”, Quarterly Journal of Economics, Vol. 106, No. 2: 407-444.
  • Bayar, Yılmaz (2016), “Public Governance and Economic Growth in the Transitional Economies of the European Union”, Transylvanian Review of Administrative Sciences, Vol. 12, No. 48: 5-18.
  • Burke, Paul J. & Ahmadi-Esfahani, Fredoun (2006), “Aid and Growth: A Study of South East”, Asia Journal of Asian Economics, Vol .17, No. 2: 350-362.
  • Burnside, C., & Dollar, D. (2000), “Aid, Policies, and Growth”, The American Economic Review, Vol. 90, No. 4: 847-868.
  • Cungu, Azeta & Swinnen, Johan (2003), “The Impact of Aid on Economic Growth in Transition Economies: An Empirical Study”, LICOS Discussion Papers 12803, LICOS-Centre for Institutions and Economic Performance, KU Leuven.
  • Dalgaard, C.-L., Hansen, H. & Tarp, F. (2004), “On the Empirics of Foreign Aid and Growth”, The Economic Journal, Vol. 114, No. 496, 191-191.
  • Dawson, John W. (2003), “Causality in the Freedom–Growth Relationship”, European Journal of Political Economy, Vol. 19, 479-495.
  • Dawson, John W. (2010), “Macroeconomic Volatility and Economic Freedom-a Preliminary Analysis”, Economic Freedom of the World: 2010 Annual Report 175-185.
  • De Haan, Jakob & Siermann, Clemens L.J. (1995), “New Evidence on the Relationship between Democracy and Economic Growth”, Public Choice 86, 175-198.
  • Driscoll, J. C., & A. C. Kraay. (1998), “Consistent Covariance Matrix Estimation with Spatially Dependent Panel Data”, Review of Economics and Statistics, Vol. 80, 549-560.
  • Easterly, William (2003), “Can Foreign Aid Buy Growth?”, Journal of Economic Perspectives, Vol. 3, 23-48.
  • Easterly, William, Levine, R. & Roodman, D. (2004), “Aid, Policies, and Growth”, American Economic Review, Vol. 94, No. 3: 774-780.
  • Easterly, William (2006), Why the West’s Efforts to Aid the Rest Have Done So Much III and So Little Good, New York: Penguin.
  • Ekanayake, E. M. & Chatrna, Dasha (2010), “The Effect of Foreign Aid on Economic Growth in Developing Countries”, Journal of International Business and Cultural Studies, http://www.aabri.com/manuscripts/09359.pdf (Accessed 10 April 2021)
  • Emara, N. & Jhonsa, E. (2014), “Governance and Economic Growth: The Case of Middle East and North African Countries”, Journal of Development and Economic Policies, Vol. 16, No. 1: 47-71.
  • Fayissa, Bichaka & El-Kaissy, Mohammed I. (1999), “Foreign Aid and the Economic Growth of Developing Countries (LDCs): Further Evidence”, Studies in Comparative International Development, Vol. 34, 37-50.
  • Freedom House (2021), Freedom in the Word. Washington, DC.
  • Gebresilassie, B.A., Legesse, T. & Gebre, G.G. (2023), “Impact of Foreign Aid on Economic Growth in Ethiopia”, Journal of the Knowledge Economy, https://doi.org/10.1007/s13132-023-01303-y (Accessed 5 March 2023).
  • Gitaru, Kelvin (2015), “Impact of Foreign Aid on Economic Growth”, MPRA Paper No. 68145. University Library of Munich, Germany.
  • Golder, Uttam, Sheikh, Md. Imran & Sultana, Fatema (2012), “The Relationship Between Foreign Aid and Economic Growth: Empirical Evidence from Bangladesh”, Journal of Asian Finance, Economics and Business, https://ssrn.com/abstract=3826083 (Accessed 2 March 2022).
  • Greene, William. H. (2002), Econometric Analysis, Prentice-Hall International, Inc., Third Edition, New York. Gujarati, Damodar N. (2004), Basic Econometrics, Forth Edition, McGraw-Hill.
  • Hall, Robert E. & Jones, Charles I. (1999), “Why Do Some Countries Produce So Much More Output per Worker than Others? “The Quarterly Journal of Economics, Vol. 114, No.1.
  • Hansen, Henrik &Tarp, Finn. (2001), Aid and Growth Regressions, CREDIT Research Papers, No. 00/7. University of Nottingham, Nottingham.
  • Hassan, Adewale Samuel (2021), “Foreign Aid and Economic Growth in Nigeria: The Role of Institutional Quality”, Studies of Applied Economics, Vol. 39, No. 3.
  • Heckelman, J. C. & Knack, S. (2009), “Aid, Economic Freedom, and Growth”, Contemporary Economic Policy, Vol. 27, No. 1: 46-53.
  • In’aira,t, Mohammad (2014), “Aid Allocation, Selectivity, and the Quality of Governance Journal of Economics”, Finance and Administrative Science, Vol. 19, No. 2014: 63–68.
  • Iwegbu, Onyebuchi & Dauda, Risikat O. S. (2022), Effectiveness of Foreign Aid in Poverty Reduction in Africa: The Role of Fiscal Policy, CBN Journal of Applied Statistics, Vol. 13 No. 1: 55-92.
  • Karras, G. (2006), “Foreign Aid and Long-Run Economic Growth: Empirical Evidence for a Panel of Developing Countries”, Journal of International Development, Vol. 18, No. 1: 15-28.
  • Knack, Stephen & Keefer, Philip (1997), “Does Social Capital Have an Economic Pay off? A Cross-Country Investigation”, The Quarterly Journal of Economics, Vol. 112, No. 4:1251-1288.
  • Leblang, David A. (1996), “Property Rights, Democracy and Economic Growth”, Political Research Quarterly, Vol. 49, No. 1: 5-26.
  • Mallik, G. (2008), “Foreign Aid and Economic Growth: A Cointegration Analysis of the Six Poorest African Countries”, Economic Analysis and Policy, Vol. 38, 251-260.
  • Martinez, Pablo (2015), The Impact of Foreign Aid on Economic Growth, MPRA Paper No. 66588. University Library of Munich, Germany.
  • Maruta, A., Banerjee, R. & Cavoli, T. (2020), “Foreign Aid, Institutional Quality and Economic Growth: Evidence from the Developing World”, Economic Modelling 89, 444-463.
  • Mauro, Paolo (1995), “Corruption and Growth”, The Quarterly Journal of Economics 110, 681-713.
  • Moolio, Pahlaj & Kong, Somphyvatanak (2016), “Foreign Aid and Economic Growth: Panel Cointegration Analysis for Cambodia, Lao PDR, Myanmar, and Vietnam”, Athens Journal of Business & Economics, Athens Institute for Education and Research, Vol. 2, No. 4: 417-428.
  • North, Douglass C. (2002), Kurumlar, Kurumsal Değişim ve Ekonomik Performans, (Çev. Gül Çağalı Güven), İstanbul: Sabancı Üniversitesi Yayınevi.
  • Nowak-Lehmann, F., Dreher, A., Herzer, D., Klasen, S., & Martinez-Zarzoso, I. (2012), “Does Foreign Aid Really Raise Per Capita Income? A Time Series Perspective”, Canadian Journal of Economics/Revue Canadienne d’Economique, Vol. 45, No. 1: 288-313.
  • OECD (2021a), Definition of Net ODA, https://data.oecd.org/oda/net-oda.htm (Accessed 5 March 2021).
  • OECD (2021b), OECD.Stat, https://stats.oecd.org (Accessed 5 March 2021).
  • Ogundipea, Adeyemi A. & Ola-Davida, Oluyomi (2014), “Foreign Aid, Institutions and Economic Development in Nigeria: Implications for Post-2015 Development Agenda”, SSRN Electronic Journal, https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2504477 (Accessed 20 March 2020).
  • Rajan, Raghuram G. & Subramanian, Arvind (2005), “Aid and Growth: What Does the Cross-Country Evidence Really Show?”, IMF Working Paper, Washington, DC: International Monetary Fund.
  • Rodrik, Dani (2000), “Institutions for High Quality Growth: What They are and How to Acquire Them”, National Bureau of Economic Research, Working Paper 7540, Massachusetts Avenue, Cambridge, MA.
  • Sachs, Jeffrey (2005), The End of Poverty: Economic Possibilities for Our Time, New York: Penguin.
  • Tanzi, Vito & Davodi, Hamid (1997), “Corruption, Public Investment and Growth”, IMF Working Paper. Washington, DC: International Monetary Fund.
  • Tatoğlu, F. Y. (2012), İleri panel veri analizi, İstanbul: Beta Yayıncılık.
  • Wako, H. A. (2016), “Aid, Institutions and Economic Growth: Heterogeneous Parameters and Heterogeneous Donors”, UNU-MERIT Working Papers, ISSN 1871-9872, Maastricht, The Netherlands.
  • Wako, H. A. (2018), “Aid, Institutions and Economic Growth in Sub-Saharan Africa: Heterogeneous Donors and Heterogeneous Responses”, Review of Development Economics, Vol. 22, No. 1: 23-44.
  • World Bank (2021a), Worldwide Governance Indicators. Washington, DC: The World Bank.
  • World Bank (2021b), Worldwide Development Indicators. Washington, DC: The World Bank.
  • Yahyaoui, I. & Bouchoucha, N. (2020), “Foreign Aid-Growth Nexus in Africa: Do Institutions Matter?”, Journal of the Knowledge Economy, Vol. 11, 1663–1689, https://doi.org/10.1007/s13132-020-00638-0 (Accessed 5 March 2023).
  • Yiew, T. H., & Lau, E. (2018), “Does Foreign Aid Contributes to or Impeded Economic Growth”, Journal of International Studies, Vol. 11, No. 3: 21-30.
  • Young, A. T. & Sheehan, K. M. (2014), “Foreign Aid, Institutional Quality, and Growth”, European Journal of Political Economy, Vol. 36, 195-208.
  • Younis, Fizza (2015), “Institutional Quality, Foreign Aid and Economic Performance”, MPRA Paper No. 74147.

Foreign Aid, Institutions, and Economic Performance in Developing Countries

Yıl 2023, Cilt: 18 Sayı: 3, 748 - 765, 01.12.2023
https://doi.org/10.17153/oguiibf.1277348

Öz

Although official development assistance presents a solution for developing countries to overcome the lack of capital, there is no consensus in the literature on the effectiveness of foreign aid. Moreover, opinions claiming that aid can only affect growth positively under certain conditions see institutional quality as an essential aspect that boosts the positive impact of aid. This study examines the relationships between foreign aid, institutional structure, and economic performance for 80 countries in Europe, America, Africa, and Asia. It is found that official development assistance and the quality of institutional structure in the sample countries affect economic growth positively. It also provides some suggestive evidence showing that foreign aid has a positive effect on the institutional structure.

Kaynakça

  • Abate, C. A. (2022), “The Relationship Between Aid and Economic Growth of Developing Countries: Does İnstitutional Quality and Economic Freedom Matter?”, Cogent Economics & Finance, Vol. 10, No. 1.
  • Acemoğlu, Daron & Robinson, James (2012), Why Nations Fail: The Origins of Power, Prosperity and Poverty, New York: Crown Publishers.
  • Acemoğlu, Daron (2009), Introduction to Modern Economic Growth, Princeton University Press.
  • Acemoğlu, Daron, Johnson, S., Robinson, J. & Thaicharoen, Y. (2003), “Institutional Causes, Macroeconomic Symptoms Volatility, Crises and Growth”, Journal of Monetary Economics, Vol. 50, 49-123.
  • Adamu, Patricia A. (2013), “The Impact of Foreign Aid on Economic Growth in ECOWAS Countries: A Simultaneous-equation Model”, WIDER Working Paper No. 2013/143.
  • Adusei, Elizabeth (2020), “The impact of Foreign Aid on Economic Growth in Sub-Sahara Africa: The Mediating Role of Institutions”, MPRA Paper No. 104561. University Library of Munich, Germany.
  • Akramov, Kamiljon T. (2012), "Foreign Aid Allocation, Governance, and Economic Growth", Issue briefs 72, International Food Policy Research Institute (IFPRI).
  • Altunbas, Y. & Thornton, J. (2014), “The (Small) Blessing of Foreign Aid: Further Evidence on Aid’s İmpact on Democracy”, Applied Economics, Vol. 46, No. 32: 3922-3930.
  • Asongu, Simplice (2013), “On the Effectiveness of Foreign Aid in Institutional Quality” European Economics Letters, Vol. 2, No. 1: 12-19.
  • Awan, M. & Mustafa, U. (2015), “Institutional Governance, Aid and Economic Growth: A Case of South Asian Countries”, International Academy of Business and Economics IABE-2015 Orlando – Winter Conference, March 22-24.
  • Azam, M. & Feng, Y. (2022), “Does Foreign Aid Stimulate Economic Growth in Developing Countries? Further evidence in both aggregate and disaggregated samples”, Qual Quant, Vol. 56, 533–556.
  • Barro, Robert J. (1991), “Economic Growth in a Cross Section of Countries”, Quarterly Journal of Economics, Vol. 106, No. 2: 407-444.
  • Bayar, Yılmaz (2016), “Public Governance and Economic Growth in the Transitional Economies of the European Union”, Transylvanian Review of Administrative Sciences, Vol. 12, No. 48: 5-18.
  • Burke, Paul J. & Ahmadi-Esfahani, Fredoun (2006), “Aid and Growth: A Study of South East”, Asia Journal of Asian Economics, Vol .17, No. 2: 350-362.
  • Burnside, C., & Dollar, D. (2000), “Aid, Policies, and Growth”, The American Economic Review, Vol. 90, No. 4: 847-868.
  • Cungu, Azeta & Swinnen, Johan (2003), “The Impact of Aid on Economic Growth in Transition Economies: An Empirical Study”, LICOS Discussion Papers 12803, LICOS-Centre for Institutions and Economic Performance, KU Leuven.
  • Dalgaard, C.-L., Hansen, H. & Tarp, F. (2004), “On the Empirics of Foreign Aid and Growth”, The Economic Journal, Vol. 114, No. 496, 191-191.
  • Dawson, John W. (2003), “Causality in the Freedom–Growth Relationship”, European Journal of Political Economy, Vol. 19, 479-495.
  • Dawson, John W. (2010), “Macroeconomic Volatility and Economic Freedom-a Preliminary Analysis”, Economic Freedom of the World: 2010 Annual Report 175-185.
  • De Haan, Jakob & Siermann, Clemens L.J. (1995), “New Evidence on the Relationship between Democracy and Economic Growth”, Public Choice 86, 175-198.
  • Driscoll, J. C., & A. C. Kraay. (1998), “Consistent Covariance Matrix Estimation with Spatially Dependent Panel Data”, Review of Economics and Statistics, Vol. 80, 549-560.
  • Easterly, William (2003), “Can Foreign Aid Buy Growth?”, Journal of Economic Perspectives, Vol. 3, 23-48.
  • Easterly, William, Levine, R. & Roodman, D. (2004), “Aid, Policies, and Growth”, American Economic Review, Vol. 94, No. 3: 774-780.
  • Easterly, William (2006), Why the West’s Efforts to Aid the Rest Have Done So Much III and So Little Good, New York: Penguin.
  • Ekanayake, E. M. & Chatrna, Dasha (2010), “The Effect of Foreign Aid on Economic Growth in Developing Countries”, Journal of International Business and Cultural Studies, http://www.aabri.com/manuscripts/09359.pdf (Accessed 10 April 2021)
  • Emara, N. & Jhonsa, E. (2014), “Governance and Economic Growth: The Case of Middle East and North African Countries”, Journal of Development and Economic Policies, Vol. 16, No. 1: 47-71.
  • Fayissa, Bichaka & El-Kaissy, Mohammed I. (1999), “Foreign Aid and the Economic Growth of Developing Countries (LDCs): Further Evidence”, Studies in Comparative International Development, Vol. 34, 37-50.
  • Freedom House (2021), Freedom in the Word. Washington, DC.
  • Gebresilassie, B.A., Legesse, T. & Gebre, G.G. (2023), “Impact of Foreign Aid on Economic Growth in Ethiopia”, Journal of the Knowledge Economy, https://doi.org/10.1007/s13132-023-01303-y (Accessed 5 March 2023).
  • Gitaru, Kelvin (2015), “Impact of Foreign Aid on Economic Growth”, MPRA Paper No. 68145. University Library of Munich, Germany.
  • Golder, Uttam, Sheikh, Md. Imran & Sultana, Fatema (2012), “The Relationship Between Foreign Aid and Economic Growth: Empirical Evidence from Bangladesh”, Journal of Asian Finance, Economics and Business, https://ssrn.com/abstract=3826083 (Accessed 2 March 2022).
  • Greene, William. H. (2002), Econometric Analysis, Prentice-Hall International, Inc., Third Edition, New York. Gujarati, Damodar N. (2004), Basic Econometrics, Forth Edition, McGraw-Hill.
  • Hall, Robert E. & Jones, Charles I. (1999), “Why Do Some Countries Produce So Much More Output per Worker than Others? “The Quarterly Journal of Economics, Vol. 114, No.1.
  • Hansen, Henrik &Tarp, Finn. (2001), Aid and Growth Regressions, CREDIT Research Papers, No. 00/7. University of Nottingham, Nottingham.
  • Hassan, Adewale Samuel (2021), “Foreign Aid and Economic Growth in Nigeria: The Role of Institutional Quality”, Studies of Applied Economics, Vol. 39, No. 3.
  • Heckelman, J. C. & Knack, S. (2009), “Aid, Economic Freedom, and Growth”, Contemporary Economic Policy, Vol. 27, No. 1: 46-53.
  • In’aira,t, Mohammad (2014), “Aid Allocation, Selectivity, and the Quality of Governance Journal of Economics”, Finance and Administrative Science, Vol. 19, No. 2014: 63–68.
  • Iwegbu, Onyebuchi & Dauda, Risikat O. S. (2022), Effectiveness of Foreign Aid in Poverty Reduction in Africa: The Role of Fiscal Policy, CBN Journal of Applied Statistics, Vol. 13 No. 1: 55-92.
  • Karras, G. (2006), “Foreign Aid and Long-Run Economic Growth: Empirical Evidence for a Panel of Developing Countries”, Journal of International Development, Vol. 18, No. 1: 15-28.
  • Knack, Stephen & Keefer, Philip (1997), “Does Social Capital Have an Economic Pay off? A Cross-Country Investigation”, The Quarterly Journal of Economics, Vol. 112, No. 4:1251-1288.
  • Leblang, David A. (1996), “Property Rights, Democracy and Economic Growth”, Political Research Quarterly, Vol. 49, No. 1: 5-26.
  • Mallik, G. (2008), “Foreign Aid and Economic Growth: A Cointegration Analysis of the Six Poorest African Countries”, Economic Analysis and Policy, Vol. 38, 251-260.
  • Martinez, Pablo (2015), The Impact of Foreign Aid on Economic Growth, MPRA Paper No. 66588. University Library of Munich, Germany.
  • Maruta, A., Banerjee, R. & Cavoli, T. (2020), “Foreign Aid, Institutional Quality and Economic Growth: Evidence from the Developing World”, Economic Modelling 89, 444-463.
  • Mauro, Paolo (1995), “Corruption and Growth”, The Quarterly Journal of Economics 110, 681-713.
  • Moolio, Pahlaj & Kong, Somphyvatanak (2016), “Foreign Aid and Economic Growth: Panel Cointegration Analysis for Cambodia, Lao PDR, Myanmar, and Vietnam”, Athens Journal of Business & Economics, Athens Institute for Education and Research, Vol. 2, No. 4: 417-428.
  • North, Douglass C. (2002), Kurumlar, Kurumsal Değişim ve Ekonomik Performans, (Çev. Gül Çağalı Güven), İstanbul: Sabancı Üniversitesi Yayınevi.
  • Nowak-Lehmann, F., Dreher, A., Herzer, D., Klasen, S., & Martinez-Zarzoso, I. (2012), “Does Foreign Aid Really Raise Per Capita Income? A Time Series Perspective”, Canadian Journal of Economics/Revue Canadienne d’Economique, Vol. 45, No. 1: 288-313.
  • OECD (2021a), Definition of Net ODA, https://data.oecd.org/oda/net-oda.htm (Accessed 5 March 2021).
  • OECD (2021b), OECD.Stat, https://stats.oecd.org (Accessed 5 March 2021).
  • Ogundipea, Adeyemi A. & Ola-Davida, Oluyomi (2014), “Foreign Aid, Institutions and Economic Development in Nigeria: Implications for Post-2015 Development Agenda”, SSRN Electronic Journal, https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2504477 (Accessed 20 March 2020).
  • Rajan, Raghuram G. & Subramanian, Arvind (2005), “Aid and Growth: What Does the Cross-Country Evidence Really Show?”, IMF Working Paper, Washington, DC: International Monetary Fund.
  • Rodrik, Dani (2000), “Institutions for High Quality Growth: What They are and How to Acquire Them”, National Bureau of Economic Research, Working Paper 7540, Massachusetts Avenue, Cambridge, MA.
  • Sachs, Jeffrey (2005), The End of Poverty: Economic Possibilities for Our Time, New York: Penguin.
  • Tanzi, Vito & Davodi, Hamid (1997), “Corruption, Public Investment and Growth”, IMF Working Paper. Washington, DC: International Monetary Fund.
  • Tatoğlu, F. Y. (2012), İleri panel veri analizi, İstanbul: Beta Yayıncılık.
  • Wako, H. A. (2016), “Aid, Institutions and Economic Growth: Heterogeneous Parameters and Heterogeneous Donors”, UNU-MERIT Working Papers, ISSN 1871-9872, Maastricht, The Netherlands.
  • Wako, H. A. (2018), “Aid, Institutions and Economic Growth in Sub-Saharan Africa: Heterogeneous Donors and Heterogeneous Responses”, Review of Development Economics, Vol. 22, No. 1: 23-44.
  • World Bank (2021a), Worldwide Governance Indicators. Washington, DC: The World Bank.
  • World Bank (2021b), Worldwide Development Indicators. Washington, DC: The World Bank.
  • Yahyaoui, I. & Bouchoucha, N. (2020), “Foreign Aid-Growth Nexus in Africa: Do Institutions Matter?”, Journal of the Knowledge Economy, Vol. 11, 1663–1689, https://doi.org/10.1007/s13132-020-00638-0 (Accessed 5 March 2023).
  • Yiew, T. H., & Lau, E. (2018), “Does Foreign Aid Contributes to or Impeded Economic Growth”, Journal of International Studies, Vol. 11, No. 3: 21-30.
  • Young, A. T. & Sheehan, K. M. (2014), “Foreign Aid, Institutional Quality, and Growth”, European Journal of Political Economy, Vol. 36, 195-208.
  • Younis, Fizza (2015), “Institutional Quality, Foreign Aid and Economic Performance”, MPRA Paper No. 74147.
Toplam 64 adet kaynakça vardır.

Ayrıntılar

Birincil Dil İngilizce
Konular Uygulamalı Makro Ekonometri
Bölüm Makaleler
Yazarlar

Pınar Hayaloğlu 0000-0001-7181-8801

Yayımlanma Tarihi 1 Aralık 2023
Gönderilme Tarihi 5 Nisan 2023
Yayımlandığı Sayı Yıl 2023 Cilt: 18 Sayı: 3

Kaynak Göster

APA Hayaloğlu, P. (2023). Foreign Aid, Institutions, and Economic Performance in Developing Countries. Eskişehir Osmangazi Üniversitesi İktisadi Ve İdari Bilimler Dergisi, 18(3), 748-765. https://doi.org/10.17153/oguiibf.1277348