4.5 Article

Can foreign aid buy growth?

Journal

JOURNAL OF ECONOMIC PERSPECTIVES
Volume 17, Issue 3, Pages 23-48

Publisher

AMER ECONOMIC ASSOC
DOI: 10.1257/089533003769204344

Keywords

-

Categories

Ask authors/readers for more resources

The widely publicized finding that aid promotes growth in a good policy environment is not robust to the inclusion of new data or alternative definitions of aid, policy or growth. The idea that aid buys growth is on shaky ground theoretically and empirically. It doesn't help that aid agencies face poor incentives to deliver results and underinvest in enforcing aid conditions and performing scientific evaluations. Aid should set more modest goals, like helping some of the people some of the time, rather than trying to be the catalyst for society-wide transformation.

Authors

I am an author on this paper
Click your name to claim this paper and add it to your profile.

Reviews

Primary Rating

4.5
Not enough ratings

Secondary Ratings

Novelty
-
Significance
-
Scientific rigor
-
Rate this paper

Recommended

No Data Available
No Data Available