Foreign aid, economic outcomes, and happiness

Abstract

First, this paper offers a brief survey of recent knowledge and understanding of the impact of foreign aid disbursements on improving economic outcomes. Based on across time and space observations, the record appears to be very poor. Second, it further explores the characteristics of available research on the economics of happiness, or what is sometimes referred to as subjective well-being. This exploration is made quite generally but we believe productively. Third, it investigates the impact of foreign aid disbursements and policies on happiness from an economics perspective. Finally, the paper brings the themes together and offers some suggestions for further research. The paper acknowledges the potential importance of other academic fields, such as psychology, to this exploration.

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