Aid and Growth: Have We Come Full Circle?

Channing Arndt, Sam Jones and Finn Tarp

No DP2009-05, 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 has turned decidedly pessimistic with respect to the ability of foreign aid to foster economic growth. Policy implications, such as the complete cessation of aid to Africa, are being drawn on the basis of fragile evidence. This paper first assesses the aid-growth literature with a focus on recent contributions. The aid-growth literature is then framed, for the first time, in terms of the Rubin Causal Model, applied at the macroeconomic level.

Keywords: Economic assistance and foreign aid; Economic development; Economic growth; Macroeconomics (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (33)

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Related works:
Working Paper: Aid and Growth Have We Come Full Circle? (2010)
Working Paper: Aid and Growth: Have We Come Full Circle? (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:unu:wpaper:dp2009-05

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