Aid, Debt Relief and New Sources of Finance for Meeting the Millennium Development Goals

Tony Addison, George Mavrotas and Mark McGillivray

No RP2005-09, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: The Millennium Development Goals (MDGs) have lofty expectations regarding the impact of official development aid. Are these expectations valid? This paper surveys the literature on aid and growth. It finds that practically all aid studies since the late 1990s conclude that aid increases economic growth. By implication, therefore, it can be inferred that poverty would be higher in the absence of aid. As such the abovementioned expectations are, to a certain extent, valid.

Keywords: Public debt; Economic assistance and foreign aid; Macroeconomics; Poverty (search for similar items in EconPapers)
Date: 2005
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Citations: View citations in EconPapers (22)

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Working Paper: Aid, Debt Relief and New Sources of Finance for Meeting the Millennium Development Goals (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:unu:wpaper:rp2005-09

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