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 …

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 …

. A series of shocks, especially the fuel and food price crisis of 2008, combined with poor productivity growth in …

Ghana is relatively rare among Sub-Saharan African countries in having had sustained positive growth every year since … the mid-1980s. This paper analyses the nature of the growth and then presents an analysis of the evolution of both …-monetary outcomes, remains an important concern. This increase in inequality is one reason why growth has not led to faster poverty …

After many years of relatively slow growth, Tanzania's national accounts data report accelerated aggregate growth since … around 2000. Our analysis shows that there has been somewhat slower growth in private consumption and in sectors such as …

macroeconomic stability and growth. Second, the tools of macroeconomic policy-fiscal and monetary policy together with debt …

way; the last three decades have witnessed one of the best performances in the world in terms of both economic growth and …

Over the past twenty years, Mozambique has achieved remarkable progress in promoting macroeconomic growth and stability … movement of labour out of agriculture has contributed to aggregate growth. But, this trend is slowing and is leading to a … saturation of the services sector. Moreover, productivity growth is weakening within more labour-intensive sectors. We conclude …

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 … coherent and favorable pattern of results emerges. Aid has over the past forty years stimulated growth, promoted structural …

endogeneity problem in the aid-growth relationship. Evidence from a panel VAR model estimated on the dataset of NDHKM, suggests a …