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Essays On The Impact Of Foreign Aid On Economic Growth And Development: The Case Of Jordan, Jamal G. Husein

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

This dissertation examines the role of foreign aid in economic growth and development of Jordan. The flow of foreign capital takes two main forms: private foreign investment, mostly foreign direct investment by large multinational corporations, and public development assistance (foreign aid) from both individual national governments and multinational donor agencies. The distinguishing characteristic of foreign aid is the concessional element. In this dissertation, recent techniques and advances in time-series analysis are used in the empirical section of Chapters 2 and 3, i.e., vector autoregression (VAR), impulse response functions, and variance decompositions. In the fourth chapter, we use a nonlinear three-stage …