The Impact of Foreign Aid on Aggregate Welfare Measures: A Panel Data Analysis

José Alves and Cláudia Couto

No 2018/54, Working Papers REM from ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa

Abstract: Does foreign aid enhance aggregate human welfare? This paper attempts to answer this question by using a panel of twenty-eight countries, covering the period from 1990 to 2014. It explores intra-country variation by splitting the sample into low-income and middle-income countries. Combined with the fixed effects estimator, these approaches sought to control for the heterogeneity of the effects of aid on welfare measures. Perhaps suprisingly, there was no evidence that foreign aid contributes to the reduction of infant mortality or increase of human development index.

Keywords: Foreign Aid; Aggregate Human Welfare; Low-Middle Income Countries (search for similar items in EconPapers)
JEL-codes: C23 F35 F63 P33 (search for similar items in EconPapers)
Date: 2018-11
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Related works:
Journal Article: The Impact of Foreign Aid on Aggregate Welfare Measures: A Panel Data Analysis (2024)
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Persistent link: https://EconPapers.repec.org/RePEc:ise:remwps:wp0542018

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