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Aid and Sectoral Growth in Thailand

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  • Hiroaki Sakurai

Abstract

This study examines the relationship between foreign aid and sectoral growth in Thailand from 1960 to 2021 using ordinary least squares. While it is important to see how foreign aid impacts the recipient country, few studies provide analyses in this field. The estimation results show a linear relationship not only between foreign aid and secondary industry growth, but also between foreign aid and tertiary industry growth, whereas a relationship between foreign aid and primary industry growth is not necessarily seen. The results are consistent with previous studies.

Suggested Citation

  • Hiroaki Sakurai, 2024. "Aid and Sectoral Growth in Thailand," Bulletin of Applied Economics, Risk Market Journals, vol. 11(1), pages 41-49.
    • Handle: RePEc:rmk:rmkbae:v:11:y:2024:i:1:p:41-49
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    References listed on IDEAS

    as
    1. Pablo Selaya & Rainer Thiele, 2010. "Aid and Sectoral Growth: Evidence from Panel Data," Journal of Development Studies, Taylor & Francis Journals, vol. 46(10), pages 1749-1766.
    2. Haldar, Anasuya & Sethi, Narayan, 2022. "Effect of sectoral foreign aid allocation on growth and structural transformation in sub-Saharan Africa—Analysing the roles of institutional quality and human capital," Economic Analysis and Policy, Elsevier, vol. 76(C), pages 1010-1026.
    3. Zsolt Darvas, 2021. "Timely measurement of real effective exchange rates," Bruegel Working Papers 46497, Bruegel.
    4. Zsolt Darvas, 2012. "Real Effective Exchange Rates for 178 Countries: a New Database," Working Papers 1201, Department of Mathematical Economics and Economic Analysis, Corvinus University of Budapest.
    5. Pradhan, Rudra P. & Arvin, Mak B. & Nair, Mahendhiran S. & Bennett, Sara E., 2023. "Does foreign aid affect innovation and institutional quality in middle-income countries?," Evaluation and Program Planning, Elsevier, vol. 100(C).
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    Keywords

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    JEL classification:

    • F35 - International Economics - - International Finance - - - Foreign Aid
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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