alexa What are the Impact of Foreign Aid to the Economic Grow
ISSN: 2151-6219

Business and Economics Journal
Open Access

OMICS International organises 3000+ Global Conferenceseries Events every year across USA, Europe & Asia with support from 1000 more scientific Societies and Publishes 700+ Open Access Journals which contains over 50000 eminent personalities, reputed scientists as editorial board members.

Open Access Journals gaining more Readers and Citations

700 Journals and 15,000,000 Readers Each Journal is getting 25,000+ Readers

This Readership is 10 times more when compared to other Subscription Journals (Source: Google Analytics)

Research Article

What are the Impact of Foreign Aid to the Economic Growth? Time Series Analysis with New Evidence from Tanzania

Albiman MM*

Department of Economics and Management Sciences (FEMS), Universiti Sultan Zainal Abidin, Kuala Terenganu, Terenganu Malaysia, Malaysia

Corresponding Author:
Albiman MM
Department of Economics and Management Sciences (FEMS)
Universiti Sultan Zainal Abidin, Kuala Terenganu
Terenganu Malaysia, Malaysia
Tel: 6096275546
E-mail: [email protected]

Received Date: March 15, 2016; Accepted Date: March 30, 2016; Published Date: April 06, 2016

Citation: Albiman MM (2016) What are the Impact of Foreign Aid to the Economic Growth? Time Series Analysis with New Evidence from Tanzania. Bus Eco J 7:237. doi:10.4172/2151-6219.1000237

Copyright: © 2016 Albiman MM. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.

 

Abstract

Despite the fact that, Tanzania is receiving large inflows of foreign aid since 1970s to support its economic activities. Yet, very few literatures investigated the impact of foreign aid to economic growth of Tanzania. After revealing that, despite the large inflows of foreign aid in Tanzania, the economic growth rate is apparently low, poverty level and budget deficits is still persisting over the economy. Thus our study intends to further investigate the impact of foreign aid to economic growth by using Dynamic Ordinary Least Square (DOLS). After using endogenous growth model and time series data from 1976-2014, we found that, foreign aid has negative impact to the economic growth. Furthermore, in short run we also found that, foreign aid does not Granger Cause economic growth. The results suggest that, the government has to reconsider the type of foreign aid that is received.

Keywords

Share This Page

Additional Info

Loading
Loading Please wait..
 
Peer Reviewed Journals
 
Make the best use of Scientific Research and information from our 700 + peer reviewed, Open Access Journals
International Conferences 2017-18
 
Meet Inspiring Speakers and Experts at our 3000+ Global Annual Meetings

Contact Us

 
© 2008-2017 OMICS International - Open Access Publisher. Best viewed in Mozilla Firefox | Google Chrome | Above IE 7.0 version
adwords