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What is Foreign Aid about?

This study investigates the impact of foreign aid on economic growth in Pakistan from 1972 to 2006, using the ARDL cointegration approach. The findings reveal that foreign aid has negative and insignificant effects on growth, while domestic investment, export growth, and foreign direct investment are identified as key contributors to economic development. The paper concludes that foreign aid may be more of a curse than a blessing for Pakistan, as it has not led to significant improvements in socio-economic

Author

Hafiz Farrukh Ishaq

Language

EN