Innovation Performance and Development Assistance and Growth in Four East European Member States

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review

Abstract

This chapter examines the impact of international development assistance on economic growth in four southeast European member states—Croatia, Estonia, Lithuania and Slovenia—that fall into two different innovation performance groups, for a period of 16 years (1995–2010), by following a behavioural equation of flows, not an accounting identity. Our findings have shown that both international net official development assistance and official aid received, as well as net bilateral aid flows from Development Assistance Committee donors, have no statistically significant effect on gross domestic savings in two different innovation performance groups. In four European member states, with different levels of innovation performance, only per capita gross domestic product is statistically significant. The results are consistent with the notion that foreign aid transfers can distort individual incentives.

Original languageEnglish
Title of host publicationPalgrave Studies of Cross-Disciplinary Business Research, in Association with EuroMed Academy of Business
PublisherPalgrave Macmillan
Pages109-130
Number of pages22
DOIs
Publication statusPublished - 2018

Publication series

NamePalgrave Studies of Cross-Disciplinary Business Research, in Association with EuroMed Academy of Business
ISSN (Print)2523-8167
ISSN (Electronic)2523-8175

Keywords

  • DAC Donors
  • Development Assistance Committee (DAC)
  • Domestic Savings
  • Net ODA
  • Radical Innovation Performance

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