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ID 31673
本文ファイル
著者
Chansomphou, Vatthanamixay
キーワード
Foreign aid
Foreign direct investment
Convergence
Economic growth
NDC
経済
抄録(英)
This paper investigates the impact of foreign aid and foreign direct investment on the long-run income per capita and short-run income growth of Lao PDR. We formulate a modification of Solow model; then we employ a cointegration technique to carry out the long-run relationship, and employ an error correction model to estimate the short-run growth effects. The results show that foreign aid has a strong positive impact and is the main contributor on income level and income growth of Lao PDR in the long run. Surprisingly, FDI has significant negative impact on long-run income per capita and small positive impact on income growth in the short run. We conclude that the long-run negative impact of FDI might be due to its surge and concentration on few economic sectors and due to its extreme rises and falls in some period. Therefore, the policies to promote FDI in many sectors and the policies that attract stable FDI inflows should be promulgated.
掲載誌名
IDEC DP2 Series
1巻
2号
開始ページ
1
終了ページ
22
出版年月日
2011-09
出版者
広島大学大学院国際協力研究科
SelfDOI
言語
英語
NII資源タイプ
紀要論文
広大資料タイプ
学内刊行物(紀要等)
DCMIタイプ
text
フォーマット
application/pdf
著者版フラグ
publisher
部局名
国際協力研究科
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