please make a revision with the super high quality. ---- at least two pages more

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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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