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Lookup NU author(s): Dr Philip Dawson
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The existence of a long-run relationship between ODA and per capita GDP in India is examined using annual data for 1961-92. A necessary condition for such a relationship is that the two series are integrated of the same order. Unit root tests indicate that ODA is I(0) while GDP is I(1), hence no long-run relationship exists. Thus, at the macroeconomic level, aid neither stimulates economic development nor detracts from it. A corollary is that aid is not responsive to changes in India's income.
Author(s): Dawson PJ; Tiffin R
Publication type: Article
Publication status: Published
Journal: Applied Economics Letters
Year: 1999
Volume: 6
Issue: 5
Pages: 275-277
Print publication date: 01/05/1999
ISSN (print): 1350-4851
ISSN (electronic): 1466-4291
Publisher: Routledge
