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

José Alves, Cláudia Couto () and José Coelho
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Cláudia Couto: The University of Nottingham

Journal of the Knowledge Economy, 2024, vol. 15, issue 1, No 48, 1210-1230

Abstract: Abstract Does foreign aid enhance aggregate human welfare? This paper attempts to answer this question by using a panel data of 28 countries, covering the period of 1990 to 2014. It explores within-country variation by dividing the sample into low-income and middle-income countries and then uses a fixed effects estimator to control for the heterogeneity of the effects of aid on welfare measures. The main conclusion confirms that there is no evidence that foreign aid contributes to the reduction of infant mortality or the increase of the human development index.

Keywords: Foreign aid; Infant mortality; Human development index; Low-middle-income countries; Middle-income countries (search for similar items in EconPapers)
JEL-codes: C23 F35 I31 (search for similar items in EconPapers)
Date: 2024
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Working Paper: The Impact of Foreign Aid on Aggregate Welfare Measures: A Panel Data Analysis (2018)
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DOI: 10.1007/s13132-023-01119-w

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