@article{oai:reitaku.repo.nii.ac.jp:00000411,
 author = {Yin, Pui Mun and Lau, Sim Yee and Yin, Pui Mun and Lau, Sim Yee},
 issue = {2},
 journal = {麗澤経済研究, Reitaku International Journal of Economic Studies},
 month = {Sep},
 note = {ODA is advocated to be one of the major financial sources to promote economic growth in most of the developing countries. Despite receiving significant amount of ODA funds, many recipients are still grappled with poor economic growth. Earlier studies on foreign aid effectiveness are rather inconclusive until today. For thist reason, the study aims to sketch a clearer picture of whether aid can buy growth in Cambodia, Lao PDR and Vietnam which are presently major ODA recipients in South East Asia region. By incorporating time series data of the three mentioned countries from 1993 to 2009 and application of ARDL approach, the results indicate that there is a negative long run relationship between foreign aid and growth in Cambodia and Vietnam, whereas foreign aid has no impact on growth in Lao PDR within the period of study. Hence, our empirical findings imply that aid recipient countries need to seek for other alternative ways to stimulate growth since foreign aid is not the panacea. In short, aid has failed to buy growth},
 pages = {93--111},
 title = {Can Aid Buy Growth?:Empirical Evidences from Cambodia,Lao PDR and Vietnam},
 volume = {21},
 year = {2013}
}