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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 this gap by: (i) specifying a structural model of...
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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.g., poverty and infant mortality), and measures of...
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Studies of aid effectiveness abound in the literature, often with opposing conclusions. Since most time-series studies use data from the exact same publicly available data bases, our claim here is that such differences in results must be due to the use of different econometric models and...
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transformation is vital for Africa. The region's much-lauded growth turnaround since 1995 has been the result of making fewer … economic policy mistakes, robust commodity prices, and new discoveries of natural resources. At the same time, Africa …'s exports. Industry is most often the leading driver of structural transformation. Africa's experience with industrialization …
Persistent link: https://www.econbiz.de/10011484941
transformation is vital for Africa. The region?s much-lauded growth turnaround since 1995 has been the result of fewer economic … policy mistakes, robust commodity prices, and new discoveries of natural resources. At the same time, Africa?s economic … most often the leading driver of structural transformation. Africa?s experience with industrialization over the past thirty …
Persistent link: https://www.econbiz.de/10011520634