DOES FOREIGN AID HELP OR HINDER THE INSTITUTIONAL QUALITY OF THE RECIPIENT COUNTRY? NEW EVIDENCE FROM THE OIC COUNTRIES

被引：3
|
作者：
Chowdhury, Mohammad Ashraful Ferdous [1 ,2 ]
Ariff, Mohamed [1 ]
Masih, Mansur [3 ]
Ismail, Izlin [4 ]
机构：
[1] INCEIF, Kuala Lumpur, Malaysia
[2] Shahjalal Univ Sci & Technol, Dept Business Adm, Sylhet, Bangladesh
[3] UniKL Business Sch, Finance Islamic Finance, Kuala Lumpur 50300, Malaysia
[4] Univ Malaya, Dept Finance & Banking, Kuala Lumpur, Malaysia
来源：
SINGAPORE ECONOMIC REVIEW | 2022年 / 67卷 / 01期
关键词：
Foreign aid; institutional quality; OIC countries; system GMM; quantile regression; ECONOMIC-FREEDOM; GOVERNANCE; GROWTH; VOLATILITY; CORRUPTION; DEMOCRACY; IMPACT; INSTABILITY; ASSISTANCE; ALLOCATION;
D O I：
10.1142/S0217590819420037
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This study examines the impact of foreign aid on the institutional quality (IQ) of the OIC countries. Using the data of OIC countries for the three-year average period from 1991 to 2016, the system GMM finds that aid in general deteriorates the IQ for the aid recipient countries. However, quantile regression suggests that the negative impact of foreign aid on institutional quality (IQ) is relatively greater in the countries where the existing quality of institution is poor. The findings of the study suggest that improving the existing capacity is essential for reaping the optimum benefit of foreign aid on institutional development.
引用
收藏
页码：189 / 218
页数：30
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