Reportgreen2005

Aid and Growth: What Does the Cross-Country Evidence Really Show?

375 citations0/0 files storedNational Bureau of Economic Research

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International Development and Aid Economic Growth and Productivity Economic Growth and Development

Abstract

We examine the effects of aid on growth in cross-sectional and panel data-after correcting for the possible bias that poorer (or stronger) growth may draw aid contributions to recipient countries.Even after this correction, we find little robust evidence of a positive (or negative) relationship between aid inflows into a country and its economic growth.We also find no evidence that aid works better in better policy or geographical environments, or that certain forms of aid work better than others.Our findings suggest that for aid to be effective in the future, the aid apparatus will have to be rethought.

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References

1991Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations 1998Initial conditions and moment restrictions in dynamic panel data models 1995Initial conditions and moment restrictions in dynamic panel data models 1999Why do Some Countries Produce So Much More Output Per Worker than Others?1999Does Trade Cause Growth?1995Economic Reform and the Process of Global Integration n.d.Aid, Policies, and Growth 2000Who Gives Foreign Aid to Whom and Why?

Cited by

2010Foreign Aid Effectiveness and the Strategic Goals of Donor Governments 2010Aid, Growth, and Development: Have We Come Full Circle?2010Does Aid for Trade Really Improve Trade Performance?2007Remittances and the Brain Drain: Do More Skilled Migrants Remit More?2007Does Aid Affect Governance 2005What Undermines Aid's Impact on Growth?2008Does Aid for Education Educate Children? Evidence from Panel Data

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