A number of recent cross-country studies have revitalised the debate on the effectiveness of aid. While there is mounting evidence that aid does contribute to growth, there is some dispute as to whether good policy is a necessary condition for aid effectiveness. This paper is a contribution to...

Theoretical predictions and empirical evidence on the impact of foreign aid and fiscal policy on growth are mixed. This paper examines the effect of fiscal variables (government expenditure and revenue) and aid on growth using annual time series data for Kenya over the period 1964 - 2002....

This paper employs a cointegrated vector autoregressive model to assess the growth effect of aid in Uganda over the period 1972-2008. Results show that aid in Uganda has had both direct and indirect beneficial association with growth; that it is the productivity and not the stead state level of...