Aid, Growth, and Development: Have We Come Full Circle?

Channing Arndt, Sam Jones and Finn Tarp

No wp-2010-096, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: 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.

Keywords: Econometric models; Economic assistance and foreign aid; Economic development (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (163)

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Journal Article: Aid, Growth, and Development: Have We Come Full Circle? (2010)
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