DOES FOREIGN AID IMPROVE HUMAN CAPITAL? FERTILITY RATES AS A MODERATOR

This paper aims to analyze the effect of foreign aid on human capital and examines whether the fertility rate moderates this relationship. Using dynamic panel data from 119 aid recipient countries from 2002 to 2022, the results indicate that foreign aid is positively associated with human capital de...

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Bibliographic Details
Published inJournal of economic development Vol. 50; no. 1; pp. 45 - 66
Main Authors Kim, Woojin, Kim, Yu Ri
Format Journal Article
LanguageEnglish
Published Seoul The Economic Research Institute, Chung-Ang University 01.03.2025
경제연구소
Subjects
Developing countries
Economic growth
Education
Fertility
Foreign aid
GNI
Gross National Income
Human capital
Human Development Index
LDCs
Life expectancy
Standard of living
경제학
Online AccessGet full text
ISSN0254-8372
DOI10.35866/caujed.2024.50.1.003

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Summary:This paper aims to analyze the effect of foreign aid on human capital and examines whether the fertility rate moderates this relationship. Using dynamic panel data from 119 aid recipient countries from 2002 to 2022, the results indicate that foreign aid is positively associated with human capital development measured by Human Development Index (HDI). The findings also show that fertility rates negatively moderate the impact of foreign aid on human capital. This suggests that foreign aid is less effective in improving human capital in countries with high fertility rates, highlighting the importance of incorporating measures that account for fertility rates in aid policies.
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https://jed.cau.ac.kr/archives/50-1/50-1-3.pdf
ISSN:0254-8372
DOI:10.35866/caujed.2024.50.1.003