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http://hdl.handle.net/10419/54076
  
Title:Aid, growth, and development: Have we come full circle? PDF Logo
Authors:Arndt, Channing
Jones, Sam
Tarp, Finn
Issue Date:2010
Series/Report no.:Working paper // World Institute for Development Economics Research 2010,96
Abstract: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.
Subjects:foreign aid
growth
aid effectiveness
causal effects
JEL:O1
O4
F35
C21
ISBN:978-92-9230-334-1
Document Type:Working Paper
Appears in Collections:WIDER Working Papers, United Nations University (UNU)

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