Abstract
Abstract--This study tests the effect of foreign transfers on investment rates in low income countries The empirical findings are based on cross-country comparisons of aid flows, savings rates and investment rates over periods of six years or more. The results suggest that saving rates are fairly stable, while aid flows vary and determine investment. The evidence supports the proposition that most development assistance intended for fixed capital formation is indeed invested. The sustained increase in the aid ratio caused an equal increase in the investment ratio
| Original language | English |
|---|---|
| Pages (from-to) | 152-156 |
| Number of pages | 5 |
| Journal | Review of Economics and Statistics |
| Volume | 69 |
| Issue number | 1 |
| DOIs | |
| State | Published - 1 Feb 1987 |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 10 Reduced Inequalities
Keywords
- Investments
- Finance
- Income
- International business enterprises
- Savings
- Supply-side economics
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