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Controversy over the aggregate impact of foreign aid has focused on reduced form estimates of the aid-growth link. The … causal chain, through which aid affects developmental outcomes including growth, has received much less attention. We address … impacts on growth through key intermediate outcomes. A coherent picture emerges: aid stimulates growth and reduces poverty …
Persistent link: https://www.econbiz.de/10009275347
In a recent article, Nowak-Lehmann, Dreher, Herzer, Klasen, and Mart.nez-Zarzoso (2012) (henceforth NDHKM) conclude that foreign aid has not had a significant effect on income, based on evidence from panel data potentially covering 131 countries over the
Persistent link: https://www.econbiz.de/10010757065
This paper confirms recent evidence of a positive impact of aid on growth and widens the scope of evaluation to a range … of outcomes including proximate sources of growth (e.g., physical and human capital), indicators of social welfare (e …
Persistent link: https://www.econbiz.de/10010757078
literature has turned decidedly pessimistic with respect to the ability of foreign aid to foster economic growth. Policy … assesses the aid-growth literature with a focus on recent contributions. The aid-growth literature is then framed, for the … and statistically significant causal effect on growth over the long run with point estimates at levels suggested by growth …
Persistent link: https://www.econbiz.de/10008500797
literature doubts the ability of foreign aid to foster economic growth and development. This paper assesses the aid-growth … a positive and statistically significant causal effect on growth over the long run, with confidence intervals conforming … to levels suggested by growth theory. Aid remains a key tool for enhancing the development prospects of poor countries. …
Persistent link: https://www.econbiz.de/10008672344
Economic growth in Vietnam has been fairly resilient to the global commodity and financial crises, but it is unclear …
Persistent link: https://www.econbiz.de/10008672347
approach is also employed to rigorously examine the poverty-growth-inequality triangle. Finally, various simple but useful and …
Persistent link: https://www.econbiz.de/10008862800