Reasonable Expectations and the First Millennium Development Goal: How Much Can Aid Achieve?
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Reasonable Expectations and the First Millennium Development Goal : How Much Can Aid Achieve? / Dalgaard, Carl-Johan Lars; Ericksson, Lennart.
In: World Development, Vol. 37, No. 7, 2009, p. 1170-1181.Research output: Contribution to journal › Journal article › Research › peer-review
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TY - JOUR
T1 - Reasonable Expectations and the First Millennium Development Goal
T2 - How Much Can Aid Achieve?
AU - Dalgaard, Carl-Johan Lars
AU - Ericksson, Lennart
PY - 2009
Y1 - 2009
N2 - Using a calibrated neoclassical growth model, we address three questions: (i) how much growth should aid flows have produced in Sub-Saharan Africa over the last three decades? (ii) how much aid would be needed to attain the First Millennium Development Goal (MDG#1) of cutting poverty in half by 2015? (iii) taking proposed aid flows as given, how much would structural characteristics, such as domestic savings rates and productivity, have to change in order to reach the MDG#1? Our analysis indicates that past and future expectations for aid in fostering growth and poverty reduction have been too high.
AB - Using a calibrated neoclassical growth model, we address three questions: (i) how much growth should aid flows have produced in Sub-Saharan Africa over the last three decades? (ii) how much aid would be needed to attain the First Millennium Development Goal (MDG#1) of cutting poverty in half by 2015? (iii) taking proposed aid flows as given, how much would structural characteristics, such as domestic savings rates and productivity, have to change in order to reach the MDG#1? Our analysis indicates that past and future expectations for aid in fostering growth and poverty reduction have been too high.
KW - Faculty of Social Sciences
KW - foreign aid
KW - economic growth
U2 - 10.1016/j.worlddev.2008.11.003
DO - 10.1016/j.worlddev.2008.11.003
M3 - Journal article
VL - 37
SP - 1170
EP - 1181
JO - World Development
JF - World Development
SN - 1873-5991
IS - 7
ER -
ID: 11231051