A comparative analysis of the effect of aid and microfinance on growth

被引：6

作者：

Lacalle-Calderon, Maricruz ^{[1
]}

Chasco, Coro ^{[2
]}

Alfonso-Gil, Javier ^{[1
]}

Neira, Isabel ^{[3
]}

机构：

[1] Univ Autonoma Madrid, Dept Econ & Econ Dev, Madrid, Spain

[2] Univ Autonoma Madrid, Dept Appl Econ, Madrid, Spain

[3] Univ Santiago de Compostela, Dept Quantitat Econ, Santiago De Compostela, Spain

来源：

CANADIAN JOURNAL OF DEVELOPMENT STUDIES-REVUE CANADIENNE D ETUDES DU DEVELOPPEMENT | 2015年 / 36卷 / 01期

关键词：

official development aid; microfinance; panel data; economic growth; FOREIGN-AID; PANEL-DATA; IMPACT; BANGLADESH; HOUSEHOLDS; POLICIES; POVERTY; AFRICA;

D O I：

10.1080/02255189.2015.984664

中图分类号：

F0 [经济学]; F1 [世界各国经济概况、经济史、经济地理]; C [社会科学总论];

学科分类号：

0201 ; 020105 ; 03 ; 0303 ;

摘要：

This paper investigates the effect of official development aid (ODA) and microfinance (MF) on economic growth and compares the results. We identify and analyse the transmission mechanisms from ODA and microfinance to growth. We then study the effects of ODA and microfinance on growth, using an unbalanced panel of 67 countries for the period 2001-2011. Accounting for country and time effects, our results show that microfinance has a positive and statistically significant effect on economic growth through private investment, while ODA has no effect on growth. This suggests that deploying resources in the microfinance industry will foster economic development in poor countries.

引用

页码：72 / 88

页数：17

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