What Is the Aggregate Economic Rate of Return to Foreign Aid?

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Standard

What Is the Aggregate Economic Rate of Return to Foreign Aid? / Arndt, Channing; Jones, Edward Samuel; Tarp, Finn.

I: The World Bank Economic Review, Bind 30, Nr. 3, 28.07.2015, s. 446-474.

Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt

Harvard

Arndt, C, Jones, ES & Tarp, F 2015, 'What Is the Aggregate Economic Rate of Return to Foreign Aid?', The World Bank Economic Review, bind 30, nr. 3, s. 446-474. https://doi.org/10.1093/wber/lhv033

APA

Arndt, C., Jones, E. S., & Tarp, F. (2015). What Is the Aggregate Economic Rate of Return to Foreign Aid? The World Bank Economic Review, 30(3), 446-474. https://doi.org/10.1093/wber/lhv033

Vancouver

Arndt C, Jones ES, Tarp F. What Is the Aggregate Economic Rate of Return to Foreign Aid? The World Bank Economic Review. 2015 jul. 28;30(3):446-474. https://doi.org/10.1093/wber/lhv033

Author

Arndt, Channing ; Jones, Edward Samuel ; Tarp, Finn. / What Is the Aggregate Economic Rate of Return to Foreign Aid?. I: The World Bank Economic Review. 2015 ; Bind 30, Nr. 3. s. 446-474.

Bibtex

@article{24f7e35acb384fc0a31c6e07604e9b68,
title = "What Is the Aggregate Economic Rate of Return to Foreign Aid?",
abstract = "In recent years, academic studies have been converging towards the view that foreign aid promotes aggregate economic growth. We employ a simulation approach to: (i) validate the coherence of empirical aid-growth studies published since 2008; and (ii) calculate plausible ranges for the rate of return to aid. Our results highlight the long run nature of aid-financed investments and the importance of channels other than accumulation of physical capital. We find the return to aid lies in ranges commonly accepted for public investments and there is little to justify the view that aid has had a significant pernicious effect on productivity.",
keywords = "Faculty of Social Sciences, E1, O11, O41",
author = "Channing Arndt and Jones, {Edward Samuel} and Finn Tarp",
note = "JEL codes: E1, O11, O41",
year = "2015",
month = jul,
day = "28",
doi = "10.1093/wber/lhv033",
language = "English",
volume = "30",
pages = "446--474",
journal = "World Bank Economic Review",
issn = "0258-6770",
publisher = "Oxford University Press",
number = "3",

}

RIS

TY - JOUR

T1 - What Is the Aggregate Economic Rate of Return to Foreign Aid?

AU - Arndt, Channing

AU - Jones, Edward Samuel

AU - Tarp, Finn

N1 - JEL codes: E1, O11, O41

PY - 2015/7/28

Y1 - 2015/7/28

N2 - In recent years, academic studies have been converging towards the view that foreign aid promotes aggregate economic growth. We employ a simulation approach to: (i) validate the coherence of empirical aid-growth studies published since 2008; and (ii) calculate plausible ranges for the rate of return to aid. Our results highlight the long run nature of aid-financed investments and the importance of channels other than accumulation of physical capital. We find the return to aid lies in ranges commonly accepted for public investments and there is little to justify the view that aid has had a significant pernicious effect on productivity.

AB - In recent years, academic studies have been converging towards the view that foreign aid promotes aggregate economic growth. We employ a simulation approach to: (i) validate the coherence of empirical aid-growth studies published since 2008; and (ii) calculate plausible ranges for the rate of return to aid. Our results highlight the long run nature of aid-financed investments and the importance of channels other than accumulation of physical capital. We find the return to aid lies in ranges commonly accepted for public investments and there is little to justify the view that aid has had a significant pernicious effect on productivity.

KW - Faculty of Social Sciences

KW - E1

KW - O11

KW - O41

UR - http://wber.oxfordjournals.org/content/30/3/446.full

U2 - 10.1093/wber/lhv033

DO - 10.1093/wber/lhv033

M3 - Journal article

VL - 30

SP - 446

EP - 474

JO - World Bank Economic Review

JF - World Bank Economic Review

SN - 0258-6770

IS - 3

ER -

ID: 146208306