The Return to Foreign Aid

Carl-Johan Dalgaard and Henrik Hansen

No wp-2015-053, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: We investigate the marginal productivity of investment across countries. The aim is to estimate the return on investments financed by foreign aid and by domestic resource mobilization, using aggregate data. Both returns are expected to vary across countries and time. Consequently we develop a correlated random coefficients model, to estimate the average aggregate return on 'aid investments' and 'domestic investments'.

Keywords: Economic growth; Investments; Panel analysis; Productivity (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (3)

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Related works:
Journal Article: The Return to Foreign Aid (2017)
Working Paper: The Return to Foreign Aid (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:unu:wpaper:wp-2015-053

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