Aid, growth, and development: Have we come full circle?
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Aid, growth, and development : Have we come full circle? / Arndt, Channing; Jones, Edward Samuel; Tarp, Finn.
In: Journal of Globalization and Development, Vol. 1, No. 2, 2010, p. Article 5.Research output: Contribution to journal › Journal article › Research › peer-review
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TY - JOUR
T1 - Aid, growth, and development
T2 - Have we come full circle?
AU - Arndt, Channing
AU - Jones, Edward Samuel
AU - Tarp, Finn
PY - 2010
Y1 - 2010
N2 - 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.
AB - 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.
KW - Faculty of Social Sciences
KW - foreign aid,
KW - aid effectiveness
U2 - 10.2202/1948-1837.1121
DO - 10.2202/1948-1837.1121
M3 - Journal article
VL - 1
SP - Article 5
JO - Journal of Globalization and Development
JF - Journal of Globalization and Development
SN - 1948-1837
IS - 2
ER -
ID: 32243831