Hansen, Henrik; Tarp, Finn - Volkswirtschaftliche Fakultät, … - 2000
This paper examines the relationship between foreign aid and growth in real GDP per capita as it emerges from simple … augmentations of popular cross-country growth specifications. It is shown that aid in all likelihood increases the growth rate, and … capital are controlled for, no positive effect of aid is found. Yet, aid continues to impact on growth via investment. We …