please make a revision with the super high quality. ---- at least two pages more
This is the comments from the professor,
I have two issues with your empirical analysis, however. Your model tells you that human capital, physical capital and labor all play a role in determining the steady state level of growth. In your empirical approach however, you use foreign aid as if it were the investment rate. So my questions are: (1) How do you know that foreign aid is investment rather than directi consumption (like providing food for people)? (2) What about domestic investment? Foreign aid will only be a portion of investment for most countries.
Please make a revision followed by this comments.
Please do your best indeed!!!!!!!!!!! This paper is quite important for me.
11 years ago
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