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Does Foreign Aid Improve Human Capital? Fertility Rates as a Moderator

Author

Listed:
  • Kim , Woojin

    (Hanyang University, Republic of Korea)

  • Kim , Yu Ri

    (Hanyang University, Republic of Korea)

Abstract

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.

Suggested Citation

  • Kim , Woojin & Kim , Yu Ri, 2025. "Does Foreign Aid Improve Human Capital? Fertility Rates as a Moderator," Journal of Economic Development, The Economic Research Institute, Chung-Ang University, vol. 50(1), pages 45-66, March.
    • Handle: RePEc:ris:jecdev:0107
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    More about this item

    Keywords

    Foreign Aid; Human Capital; Fertility Rates; Official Development Assistance (ODA); Human Development Index (HDI); Aid Effectiveness;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • F35 - International Economics - - International Finance - - - Foreign Aid
    • J13 - Labor and Demographic Economics - - Demographic Economics - - - Fertility; Family Planning; Child Care; Children; Youth
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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