Sürdürülebilir Kalkınma Amaçları
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- MakaleAçık Erişim2023Foreign Aid, Institutions, and Economic Performance in Developing Countries
Hayaloglu, Pinar
Although official development assistance presents a solution for developing countries to overcome the lack of capital, there is no consensus in the literature on the effectiveness of foreign aid. Moreover, opinions claiming that aid can only affect growth positively under certain conditions see institutional quality as an essential aspect that boosts the positive impact of aid. This study examines the relationships between foreign aid, institutional structure, and economic performance for 80 countries in Europe, America, Africa, and Asia. It is found that official development assistance and the quality of institutional structure in the sample countries affect economic growth positively. It also provides some suggestive evidence showing that foreign aid has a positive effect on the institutional structure.
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İncele - MakaleAçık Erişim2023The Effect of Foreign Aid and Governance on Economic Growth; [Dış Yardım ve Yönetişimin Büyüme Üzerindeki Etkileri]
Hayaloğlu, Pınar; Tümay, Muhammed
Foreign aid is essential in meeting the capital needs of countries that need more resources. However, in the literature, besides the view that foreign aid encourages economic performance, opinions suggest that it has adverse effects on recipient countries. Some ideas argue that the positive impact of foreign aid in recipient countries depends on the institutional quality level of the nations. We examine the relationships between foreign aid, the quality of governance, and economic growth using the dynamic panel data analysis method. The empirical analysis includes samples of 78 low-income countries that used foreign aid from 2000-2019. According to the findings, foreign aid affects economic growth negatively in sample countries. In addition, we find a positive relationship between the quality of governance and economic growth. In line with these findings, we can state that improvements in governance quality will positively impact economic development in the sample nations.
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