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It Works; It Doesn't; It Can, But that Depends...: 50 Years of Controversy Over the Macroeconomic Impact of Development Aid

Mark McGillivray, Simon Feeny, Niels Hermes (c.l.m.hermes@rug.nl) and Robert Lensink

No RP2005-54, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: This paper surveys 50 years of empirical research on the macroeconomic impact of aid, looking mainly at studies examining the link between aid and growth. It argues that studies dating until the late 1990s produced either contradictory or inconclusive results. Aid either worked, or it didn't, according to this research. The paper then highlights a major shift in the literature that coincided with the release of the World Bank's Assessing Aid: What Works, What Doesn't and Why.

Keywords: Economic assistance and foreign aid; Econometric models (Economic development); Macroeconomics; Saving and investment (search for similar items in EconPapers)
Date: 2005
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Citations: View citations in EconPapers (21)

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