CAN FOREIGN AID PARALYSE THE ECONOMY? A CASE OF THE PACIFIC COUNTRY

• Type: Article in International Conference Proceedings Book
• Date: 2017

Authors

Sisodia, GS (Author) Other; Sami, M (Author) Other; Lal, R (Author) Other; Murti, R (Author) Other; Soares, I (Author) FEP

Conference proceedings International

Title: PROCEEDINGS OF THE 3RD INTERNATIONAL CONFERENCE ON ENERGY AND ENVIRONMENT (ICEE 2017)

Pages: 200-206

3rd Internacional Conference on Energy and Environment (ICEE) - Bringing Together Economics and Engineering

Porto, PORTUGAL, JUN 29-30, 2017

Indexing

ISI Web of Knowledge - 1 Citation

Other information

Authenticus ID: P-00P-QJE

Abstract (EN): Countries that are geographically isolated from rest of the world and located at the disaster prone areas, the foreign aid may be one of the important needs of such countries for the domestic support. However, a foreign aid can exert a positive and a negative impact on an economy. This study tests the relationship of foreign aid with the Fijian economic growth. For this study, we have used foreign exchange earnings from exports, personal remittances, foreign direct investment and foreign aid to test the effect on the economic growth of Fiji. We have used time series data from 1979-2014 for the modelling. The results revealed that exports and personal remittances had a positive impact on the economic growth. Whereas, the foreign aid was noted to have a negative impact on the economic growth. Thus, it is important that appropriate government policies that facilitate the inflow of remittances are appropriately utilized by the government for the activities that can boost an economic growth.

Language: English

Type (Professor's evaluation): Scientific

No. of pages: 7