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Has Aid Helped in Pakistan? [with Comments]
Shahrukh Rafi Khan and Eatzaz Ahmad
The Pakistan Development Review
Vol. 36, No. 4, Papers and Proceedings PART II Thirteenth Annual General Meeting and Conference of the Pakistan Society of Development Economists Islamabad, December 15-17, 1997 (Winter 1997), pp. 947-957
Published by: Pakistan Institute of Development Economics, Islamabad
Stable URL: http://www.jstor.org/stable/41260078
Page Count: 11
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This paper has a two-fold objective: first, to examine the terms on which Pakistan receives aid and whether its debt situation is sustainable, and second, to examine the impact of aid and debt on economic growth. It is found that there is little encouraging that can be said about how the terms on which Pakistan has received aid over time have changed, and its current debt situation is not sustainable. Also reported is the analysis done elsewhere which shows that aid has a negative (Granger) causal impact on GDP, and aid has a robust negative impact on economic growth after controlling for supplyside shocks. We provide various reasons for this negative association.
The Pakistan Development Review © 1997 Pakistan Institute of Development Economics, Islamabad