Aid, growth, and development: Have we come full circle?
Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt
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.
|Tidsskrift||Journal of Globalization and Development|
|Sider (fra-til)||Article 5|
|Status||Udgivet - 2010|
- Det Samfundsvidenskabelige Fakultet - foreign aid, aid effectiveness