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http://hdl.handle.net/2080/3219| Title: | Foreign Aid and its Macroeconomic Effect in India and Sri Lanka: An Empirical Investigation |
| Authors: | Bhujabal, Padmaja Sethi, Narayan Das, Aurolipsa Sucharita, Sanhita |
| Keywords: | Foreign Aid Economic Growth India SriLanka |
| Issue Date: | Jan-2019 |
| Citation: | 55th Annual Conference of The Indian Econometric Society (TIES 2019), Mumbai, India, 8-10 January 2019 |
| Abstract: | This paper examines the relationship between foreign aid (ODA) and economic growth for India and Sri Lanka, using the annual time series data for the period 1960-61 to 2014-15. We have employed Johansen and Juselius (JJ) to test and VECM-Granger Causality test to find the short run dynamic and long run equilibrium relationship among the variables. We find that there exists short and long run equilibrium relationship between ODA, economic growth and other macroeconomic variables. However, the direction of relationship between ODA and economic growth counters in India and Sri Lanka, both in short run and long run. |
| Description: | Copyright of this document belongs to proceedings publisher. |
| URI: | http://hdl.handle.net/2080/3219 |
| Appears in Collections: | Conference Papers |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| 2019_TIES_PBhujabal_ForeignAid.pdf | Conference paper | 440.48 kB | Adobe PDF | View/Open |
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