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논문 기본 정보
- 자료유형
- 학술저널
- 저자정보
- 발행연도
- 2020.1
- 수록면
- 35 - 47 (13page)
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The present paper compares the impact of grants and concessional loans on economic growth in Kenya and examines whether or not different degrees of political freedom influence this. Autoregressive distributed lags variance bounds tests and error correction models indicate that investment caused economic growth significantly. There is little evidence of globalization-related variables causing economic growth. Grants appear to have affected economic growth negatively, while there is no significant evidence of an effect of concessional loans. This implies that Kenya needs to pursue its own economic development strategy not relying on aid inflows. The impact of grants or loans on economic growth is revealed to be not conditional upon the degree of political freedom in Kenya.
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참고문헌 (22)
참고문헌 신청
Ang, J. B. / 2010 / Does Foreign Aid Promote Growth? Exploring the Role of Financial Liberalization / Review of Development Economics 14(2):197~212
Bacha, E. / 1990 / A Three-gap Model of Foreign Transfers and the GDP Growth Rate in Developing Countries / Journal of Development Economics 32(2):279~296
Bigsten, A. / 2008 / Factor Proportions, Openness and Factor Prices in Kenya 1965-2000 / Journal of Development Studies 44(2):289~310
Chenery, H. B. / 1996 / Foreign Assistance and Economic Development / American Economic Review 56:679~733
Cordella, T. / 2014 / Grants versus Loans
Bacha, E. / 1990 / A Three-gap Model of Foreign Transfers and the GDP Growth Rate in Developing Countries / Journal of Development Economics 32(2):279~296
Bigsten, A. / 2008 / Factor Proportions, Openness and Factor Prices in Kenya 1965-2000 / Journal of Development Studies 44(2):289~310
Chenery, H. B. / 1996 / Foreign Assistance and Economic Development / American Economic Review 56:679~733
Cordella, T. / 2014 / Grants versus Loans
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