Regions and Super-Regions in Economic Development: Global Demarcations in the Impact of Foreign Aid on Foreign Investment

29 Pages Posted: 4 Sep 2012 Last revised: 8 Jan 2013

See all articles by Michael W. Nicholson

Michael W. Nicholson

US Agency for International Development

Date Written: January 2013

Abstract

Global demarcations exist between development aid and foreign direct investment. Rigorous statistical analysis that contrasts the relative homogeneous and heterogeneous influences of time-series panel data allows regions in the developing world to define themselves endogenously. The results suggest that regions can be classified as either “aid-oriented” or “investment-oriented.” Evidence-based support for international development should appropriately account for these cross-region similarities when developing policies on the incentives for foreign investment and market-based economic growth.

Keywords: foreign aid, foreign direct investment, panel data, international organizations, spatial time series

JEL Classification: F21, F35, C33, O19

Suggested Citation

Nicholson, Michael W., Regions and Super-Regions in Economic Development: Global Demarcations in the Impact of Foreign Aid on Foreign Investment (January 2013). Available at SSRN: https://ssrn.com/abstract=2140872 or http://dx.doi.org/10.2139/ssrn.2140872

Michael W. Nicholson (Contact Author)

US Agency for International Development ( email )

1300 Pennsylvania Avenue NW
Washington, DC 20577
United States

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