On The Empirics of Foreign Aid and Growth  

Oleh:

Dalgaard, Carl-Johan ; Hansen, Henrik ; Tarp, Finn

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Economic Journal (EBSCO) vol. 114 no. 496 (May 2004), page F191-F216.
Topik: FOREIGN AID; foreign aid; growth
Fulltext: F191.pdf (192.1KB)

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: EE28.14 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

The present paper re - examines the effectiveness of foreign aid theoretically and empirically. Using a standard OLG model we show that aid inflows will in general affect long - run productivity. The size and direction of the impact may depend on policies, 'deep' structural characteristics and the size of the inflow. The empirical analysis investigates these possibilities. Overall we find that aid has been effective in spurring growth, but the magnitude of the effect depends on climate - related circumstances. Finally, we argue that the Collier - Dollar allocation rule should be seriously reconsidered by donor agencies if aid effectiveness is related to climate.

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