Aid, Growth, and Development: Have We Come Full Circle?

Publikation: Working paperForskning


The micro-macro paradox has been revived. Despite broadly positive evaluations at the micro and meso-levels, recent literature doubts the ability of foreign aid to foster economic growth and development. This paper assesses the aid-growth literature and, taking inspiration from the program evaluation literature, we re-examine key hypotheses. In our findings, aid has a positive and statistically significant causal effect on growth over the long run, with confidence intervals conforming to levels suggested by growth theory. Aid remains a key tool for enhancing the development prospects of poor countries.
Antal sider36
ISBN (Elektronisk)978292303341
StatusUdgivet - 2010

Bibliografisk note

JEL classification: O1, O4, F35, C21

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