Dalgaard, Carl-Johan; Hansen, Henrik; Tarp, Finn - Volkswirtschaftliche Fakultät, … - 2002
for foreign aid. Using an endogenous growth version of the standard overlapping generations model, we show that aid can be … an effective policy tool in spurring growth in poor countries. This model also furnishes a theoretical foundation for the …-section based conclusions about the aid-growth link, are fully consistent with the positive evidence on aid effectiveness that …